Financial Times FT.com

SocGen braced for inquiry results

By Scheherazade Daneshkhu in Paris

Published: May 11 2008 22:06 | Last updated: May 11 2008 22:06

Société Générale will be severely criticised in an independent report into the €50bn ($77bn) rogue trading scandal at France’s second-biggest bank, to be published within the next two weeks.

The final report commissioned by three of the bank’s non-executive directors, chaired by Jean-Martin Folz, former boss of Peugeot, is expected to be harsher than the interim findings published in February, a month after the scandal broke.

Societe Generale

SocGen is the third French bank to start repaying government money and follows a slew of European and US banks

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this