Sudip Kar-Gupta

France ‘considering tax on bank bonuses’

France could follow Britain's lead by slapping a special tax on bank bonuses for 2009 but has yet to agree a rate, government sources said.

Court frees trader Kerviel pending probe

A Paris court on Tuesday freed Jerome Kerviel, the trader accused of causing record losses at French bank Société Générale, pending investigation, his lawyers said. Société Générale unveiled €4,9-billion (,64-billion) of losses in January in the biggest trading scandal in recent history.

French bank hit by €4,9-billion fraud

French bank Société Générale (SocGen) disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. SocGen, France's second-biggest listed bank, said it had uncovered an ''exceptional fraud'' by one of its traders. It said this would cost the group â,¬4,9-billion.

French bank hit by €4,9-billion fraud

French bank Société Générale (SocGen) disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. SocGen, France's second-biggest listed bank, said it had uncovered an ''exceptional fraud'' by one of its traders. It said this would cost the group €4,9-billion.

Investec to brave market slump with London IPO

South African financial services group Investec Plc detailed plans on Monday to raise nearly 100-million pounds via a London share sale to expand its businesses, braving jittery stock markets.

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