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Societe Generale Is Fined For Failures in Trading Scandal
By MIMOSA SPENCER and ALICE DORE PARIS -- The French Banking Commission Friday said it fined Societe Generale €4 million ($6.3 million) for failures in its internal procedures relating to the €4.9 billion loss linked to an alleged rogue trader fraud.
Source: Wall Street Journal
Views: 20 comments on "Societe Generale Is Fined For Failures in Trading Scandal"
Thursday, 28 August 2008
Euro Rises From Six-Month Low Against Dollar on Weber, Oil Gain
By Ye Xie and Gavin Finch Aug. 27 (Bloomberg) -- The euro rose from a six-month low versus the dollar as European Central Bank council member Axel Weber said discussion about a...
(Source: Bloomberg) read more...
Thursday, 28 August 2008
Japan to approve $3.7 billion loan-guarantee plan: Nikkei
By Chris Oliver HONG KONG (MarketWatch) -- Japans government is set to approve a 400 billion yen ($3.65 billion) loan guarantee program designed to make it easier for small and...
(Source: MarketWatch) read more...
Thursday, 28 August 2008
UPDATE 3-Quiksilver to sell Rossignol unit for 100 mln euros
NEW YORK, Aug 27 (Reuters) - Sports apparel maker Quiksilver Inc (ZQK.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it agreed to sell its Rossignol business to a...
(Source: Reuters) read more...
Thursday, 28 August 2008
Mens Wearhouse Posts Net Decline
By KERRY E. GRACE and LAUREN POLLOCK Mens Wearhouse Inc.s fiscal second-quarter net income fell 39% on weaker same-store sales and margins as the retailer also reduced its...
(Source: Wall Street Journal) read more...
Men's Wearhouse Posts Net Decline » (Wall Street Journal)
Race Tightens in Alaskan Primary » (Wall Street Journal)
Quarterly Loss at Talbots Widens » (Wall Street Journal)
FEMA Officials Prepare for Gustav » (Wall Street Journal)
- Fannie Replaces Top Managers Amid Capital Concern (Update3)
- FEMA Officials Prepare for Gustav
- An SEC Timetable for Global Accounting Rules
- Japans Ricoh to buy Ikon Office for $1.6 bln
- UPDATE: Byetta Concerns Stoke Worries For Once-Weekly Version
- Orders for Manufactured Goods Beat Forecasts
- The dollars new status: strongman of global currencies
- Chrysler Crunch Hits the Viper
- TiVo shows another profit, but outlook weak
- Prescriptions for Fannie and Freddie
- IAC Spins Off Units in Effort to Lift Businesses
- FDIC Faces Balancing Act in Replenishing Its Coffers
- Brokerages Face Inspections Tied to Sales of Auction-Rate Debt
- Japan surplus down as US weakens
- Hutchison Profit Beats Estimates on Lower Phone Loss (Update2)
- WORKPLACE SAFETY: Employee deaths reach a low
- EBay Cuts Fixed-Price Sales Fees by 70%
- Boeing, Union Have Big Stakes
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