Financial Times FT.com

SocGen vows to emerge stronger

By Scheherazade Daneshkhu in Paris

Published: August 5 2008 07:23 | Last updated: August 6 2008 01:53

Frédéric Oudéa, Société Générale’s chief executive, said France’s second-biggest bank would become stronger than before the rogue trading scandal that cost it €4.9bn ($7.6bn) of losses.

Presenting second-quarter results that were better than expected, Mr Oudéa said the results showed “the impact of the Kerviel case is largely behind us”.

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

Read this