Societe Generale

230 results about this entity

Period: 12 Oct 2006 - 22 Jan 2025

LCH.Clearnet mulls buying out investors - FT

London clearer LCH.Clearnet is considering buying out its shareholders and converting into a user-owned utility in a bid to fend off a takeover bid from an Icap-led consortium of banks, according to the Financial Times.

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

SocGen swaps hardware tokens for Entrust authentication technology

Societe Generale has signed for Texas-based e-security vendor Entrust's authentication platform, IdentityGuard, to protect online transactions and enterprise communications for high-end users.

SocGen automates equity derivative confirmations with Thunderhead

Société Générale Corporate & Investment Banking (SG CIB) has deployed Thunderhead's document generation technology to automate the creation of equity derivative trade confirmations.

Soaring customer satisfaction for French m-payments scheme

A consortium of French banks, telcos and technology vendors that launched a wide-scale contactless mobile payments trial last year is reporting customer satisfaction rates of above 90% for the scheme.

SocGen Securities Services forms global IT and back office units

Société Générale Securities Services (SGSS) is establishing global divisions for its technology and back office operations as part of a major organisational overhaul.

Selftrade launches UK mobile share dealing service

Online broker Selftrade is launching a new service that will enable its UK customers to trade shares using their mobile phones.

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

SWX fines SocGen for trader violations

French banking group Société Générale (SocGen) has been fined SFr30,000 by SWX Swiss Exchange for failing to monitor its traders and allowing unregistered users to access the exchange's systems.

FSA warns on rogue trader risks

The UK's Financial Services Authority (FSA) is calling on City banks to tighten up systems and controls in order to prevent a repeat of the rogue trading scandal at French bank Société Générale.

MF Global to review order entry systems after $141.5m rogue trading loss

Commodity broker MF Global has hired external risk consultants to review its order entry systems after a trader dealing in wheat futures was able to exceed his limit order and place unauthorised trades that will cost the firm $141.5 million in losses.

SocGen looks to shore up risk controls with biometric access system

Société Générale is to implement biometric access controls for dealing personnel after an internal investigation into the EUR5bn rogue trading scandal found major weaknesses in its supervision, security and control procedures.