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SocGen unit pulls out of Ivory Coast

SGBCI, the country’s biggest bank, suspends its activities in the troubled West African nation ‘until further notice’. It is the fifth international bank to withdraw in just one week

SocGen bounces back from dismal 2009

French lender gives further evidence of its continued recovery with a set of solid results for 2010

Ex-SocGen employee convicted of code theft

A former employee of the French bank was found guilty of stealing programming code related to high-frequency trading in a US federal court

SocGen sees Africa as route to China

The French bank is targeting Chinese companies doing business in the mineral-rich continent as part of its African expansion strategy

SocGen rules out Basel rights issue

Société Générale said it would not follow European rivals into a rights issue as France’s third-biggest bank reported a doubling of quarterly net profits

Related content and features

Video

What went wrong?

John gapper

If the perpetrator’s own colleagues can’t catch these types of fraud then regulators never will, says John Gapper

    Signs of the rogue trader

    John Plender

    John Plender traces trading scandals from the collapse of Barings and the losses at Sumitomo to the fraud at Société Générale

      Comment and Analysis

      Kerviel is a symptom of a banking malaise

      John Gapper

      Any bank that incentivises individuals to push as aggressively as they can within its trading limits will be vulnerable to someone breaking them, writes John Gapper

      Jérôme Kerviel

      Legal forms of irresponsibility have caused more damage than rogue traders

      A distracting end to SocGen’s scandal

      The jaw-dropping damages award against Jérôme Kerviel turns the spotlight away from the ‘serious failings’ in the bank’s internal controls

      SocGen’s rogue trader is not the only one on trial

      For completely different reasons, Société Générale is in the spotlight for a corporate strategy that has strained and has put the bank at risk

      More stories

      SocGen soft pedals on Kerviel damages

      Sarkozy ‘urged SocGen to give in to takeover’

      Kerviel found guilty in SocGen scandal

      Paris judge throws book at SocGen trader

      Lies, deceit, forgery and missing billions

      Kerviel’s verdict to cast light on SocGen

      SocGen hit by £1.57m FSA fine

      SocGen reports threefold rise in profit

      Ex-SocGen banker fined for insider trading

      Kerviel was a ‘creation’ of SocGen

      Bouton face-to-face with SocGen ‘terrorist’ Kerviel

      Kerviel team ‘frequently’ broke limits

      Bearish calls prove a winner for analyst

      Bouton set to face Kerviel in court

      Prosecutor says Kerviel used words of ‘crook’

      SocGen chief aims to break with past

      Kerviel cover-up ‘criminal’, says SocGen

      SocGen must have seen Kerviel risky trades – witness

      Trader slams Kerviel for ‘stratospheric’ risks

      Mustier accuses Kerviel of lying