Societe Generale uncovers $7.14b trader fraud
([Agencies])
Updated: 2008-01-25 13:54
Updated: 2008-01-25 13:54
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| Daniel Bouton, chief executive of French bank Societe Generale, reacts at a news conference at the bank's headquarters in La Defense, outside Paris, January 24, 2008. Societe Generale has uncovered a fraud by one of its traders which will have 4.9 billion euros ($7.14 billion) negative impact on the group, France's second largest listed bank. [Agencies] French bank uncovers massive fraud |
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