Societe Generale
latest news & developments
IFC’s new gas projects will destroy Africa
This is a familiar pattern. International financial institutions socialise risk and privatise profit, while invoking development rhetoric to justify fossil fuel expansion in the…
A glance beyond the 6 July presser
The public confrontation between senior officials, the establishment of inquiries and the intense public debate surrounding the allegations all indicate that accountability…
Major shift in African banking
As foreign banks retreat from the continent, local lenders are stepping up to fill the gap
Climate summit: The greening of international finance
New instruments have been developed to help mobilise financing for projects to mitigate climate change, but measuring their impact remains difficult
Gold fix study indicates a decade of manipulation
A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
French banks come out fighting
The exasperated chief executive of Société Générale, stood in front of investors in New York on Tuesday this week for some "straight talk".
Banks suffer under Greek default fears
Mounting fears over the possibility of a Greek debt default and signs of division within Europe’s policymaking circles sent bank stocks sharply lower.
Kerviel’s rogue-trade trial gets under way
Alleged rogue trader Jerome Kerviel went on trial on Tuesday, accused of unauthorised deals that cost Société Générale €5-billion.
How rogue bankers lose billions of dollars
The admission by French bank Société Générale on Thursday that a single trader had defrauded it of €4,9-billion ($7,15-billion) is just the latest example of how a rogue…
Oil sets new record at $97
Oil leapt more than a barrel to a new record high of ,44 on Tuesday, as a weak dollar and tight fuel stocks prompted buying by speculators. Investors, wary of global equity…