What went wrong?
If the perpetrator’s own colleagues can’t catch these types of fraud then regulators never will, says John Gapper
Société Générale
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The discovery of fraud at France’s second-largest bank raises serious questions about banks’ risk-management procedures and their ability to control their own trading positions
SocGen plans €4.8bn capital-raising
Société Générale has unveiled a €4.8bn capital-raising to repay state support and pursue acquisitions
SocGen reshuffle ahead of foreign push
Bernardo Sanchez Incera, former chief executive of the supermarket chain Monoprix, has been drafted in to spearhead the group’s international growth
SocGen gears up to reinvent itself after crisis
Société Générale is initiating a programme to reinvent itself in the wake of the financial crisis, with tighter cost and risk controls and a shift from risky trading towards private banking
SocGen bankers quit to launch hedge fund
Senior investment bankers, who left Société Générale in the wake of a crackdown on bonuses, are starting a hedge fund with backing from an American private equity fund
Saudi opens doors to Barclays and SocGen
Barclays and Société Générale were granted investment banking licences for Saudi Arabia, becoming the latest international banks looking to tap into the Arab world’s largest economy
Related content and features
Video
Signs of the rogue trader
John Plender traces trading scandals from the collapse of Barings and the losses at Sumitomo to the fraud at Société Générale
Comment and Analysis
Facing a challenge to stay independent
On the day Daniel Bouton acknowledged defeat in his bid to stay on at Société Générale his rival at BNP Paribas was savouring victory with the acquisition of Fortis bank
Share option too far topples top French banker
After Daniel Bouton’s departure Société Générale needs to repair its image but the irony is that the bank is performing more than adequately - mainly thanks to its soon to be ex-chairman
Société Générale
The board of the French bank must hope that Mr Bouton’s resignation will lift the pall that has hung over the bank since the Kerviel affaire
SocGen completes rights issue
Société Générale has managed to buy itself some time with the completion of a €5.5bn rights issue
SocGen’s rights issue
SocGen has opted to front up to its own shareholders, beret in hand. After the trauma of the rogue trader, this should be cathartic
European View: Nobody comes for SocGen
Takeover speculation surrounding Société Générale is looking more and more like a financial adaptation of Samuel Beckett’s Waiting For Godot
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