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Can Societe Generale withstand the scandals?

April 26, 2017generale scandals societe withstand

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Can Societe Generale withstand the scandals?

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The French government vowed Tuesday to fight off any hostile takeover bid for Societe Generale as the bank’s chairman faces mounting pressure to stand down after multi-billion-euro losses. The trader at the heart of the scandal, Jerome Kerviel, is now under formal investigation but judges have dismissed the charge of fraud against him. An AFPTV report.