Thursday, January 24, 2008
Oh please!………….. What is the French for
The Dog ate my homework. It was a rogue trader, that's it. It wasn't my signature on those trades.
Europe’s battered banking sector was dealt a fresh blow after Société Générale, France’s second-largest listed bank, said it had uncovered a fraud by a single trader, forcing it into an emergency €5.5bn share issue. Daniel Bouton, SG’s long-standing chief executive and chairman, had an offer to resign turned down by the bank’s board