Societe Generale

230 results about this entity

Period: 12 Oct 2006 - 22 Jan 2025

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EUR4.9bn SocGen rogue trader wins unfair dismissal case

EUR4.9bn SocGen rogue trader wins unfair dismissal case

Jerome Kerviel, the rogue trader who was jailed in 2010 after racking up EUR4.9 billion in losses for his employer Societe Generale, has won a wrongful dismissal case against the French bank, which has been ordered to pay him EUR450,000 in compensation.

ItBit poaches SocGen's Nabi to lead European blockchain business

ItBit poaches SocGen's Nabi to lead European blockchain business

US-based capital markets blockchain outfit itBit has hired Jason Nabi, SocGen's post-trade services lead, to head up a new London office as it seeks to expand its services in Europe, the Middle East and Africa.

Societe Generale joins Chaps Co as a Direct Participant

CHAPS Clearing Company Ltd, the UK’s same day high value payment system that processes on average £277bn daily, welcomes Societe Generale as a shareholder and Direct Participant in CHAPS with immediate effect.

TruEX completes first electronic Mexican peso swap transaction

trueEX, the fastest growing swap execution facility (SEF), has created another industry innovation with the execution of the first dealer to client Mexican peso (MXN) interest rate swaps trades on its award-winning platform.

SocGen migrates domestic payments traffic to Swift

Société Générale will use SWIFT to send its domestic payments messages to STET, the European automated clearing house (ACH) that has almost 52% market share of the euro transactions processed in clearing systems and the largest market share of all European currency transactions.

SocGen launches dealing desk outsourcing service

Societe Generale Securities Services (SGSS) has launched I-DEAL, a new dealing desk outsourcing service for asset (discretionary and collective) and investment managers which covers the entire range of asset classes and global markets.

More global banks back blockchain collaboration plan

More global banks back blockchain collaboration plan

An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.

SocGen mulls massive branch closure programme

SocGen mulls massive branch closure programme

Societe Generale is contemplating closing one in five of its branches in France over the next five years, joining the ranks of European banks downsizing their high street presence as more customers go online.

BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job

BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job

Further evidence has emerged that French investment banks are exploring the potential of blockchain technology in the capital markets.

Industry players team up to create hub for end-to-end margin processing

Thirteen major global banks, ICAP plc and market infrastructures The Depository Trust & Clearing Corporation (DTCC) and Euroclear have joined forces with AcadiaSoft, Inc. to solve a vexing industry problem involving margin flows.

Societe Generale launches collateral management service

Societe Generale has launched “Tempo”, a comprehensive and innovative collateral management outsourcing solution aimed both at buy-side and sell-side market participants, including traditional and alternative asset managers, institutional investors, banks and major corporates.

SGSS launches website for share and employee ownership plans

Societe Generale Securities Services (SGSS) has launched a new website, Sharinbox, for corporations and their registered shareholders and employees who benefit from free share plans, stock options plans and other incentive schemes.

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