Societe generale

The Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Euro, and the Euro Interbank Offered Rate (Euribor), certain instances of manipulation of Yen LIBOR, and aiding and abetting traders at another bank in their attempts to manipulate Euribor.
Duco, the global FINtech provider of data control services, has announced a commercial agreement with Societe Generale Bank & Trust (SGBT), a wholly-owned subsidiary of Societe Generale based in Luxembourg.
All SG CTA indices posted positive returns in the last month of 2016, at the end of an otherwise difficult quarter. The flagship SG CTA Index closed the year slightly negative -2.86% and SG Trend Index -6.19%, the first negative year's performance since 2012.
Societe Generale Prime Services – formerly Newedge – has announced that it has been approved as a clearing member of ICE Clear Credit and ICE Clear Europe, which are subsidiaries of Intercontinental Exchange, Inc. (ICE) and provide clearing services to the credit default swap (CDS) markets.
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Newedge CEO David Escoffier says the transaction after shedding its partner Credit Agricole is going to bring much-needed clarity to the company.
Newedge CEO David Escoffier is ready to move the company forward and bring clarity to the company and create the right model to be profitable in a changing world.
Societe Generale SA, France’s second-biggest bank, placed sole blame on an ex-trader it didn’t identify for interest-rate rigging that cost it 446 million euros ($607 million) in European antitrust fines.
Gold tumbled the most in more than five weeks as physical demand ebbed and a stronger dollar trimmed demand for the precious metal as an alternative investment.
It was a clearly stunned Kerviel who appeared on the French evening news tonight after the appeal court had upheld the sentence handed by the lower court.