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Société Générale

Report set to criticise culture of SocGen

By Scheherazade Daneshkhu and Peggy Hollinger in Paris

Published: May 21 2008 23:12 | Last updated: May 21 2008 23:12

A report into the rogue trading scandal at Société Générale due Friday will be critical of the culture and behaviour of France’s second-biggest bank.

The report is expected to detail how the bank flouted its own controls, making it easier for Jerôme Kerviel, former trader, to build up €50bn ($79bn) in alleged unauthorised positions.

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