Societe Generale

230 results about this entity

Period: 12 Oct 2006 - 22 Jan 2025

Oberthur bids for Swedish smartcard outfit XPonCard

French smartcard vendor Oberthur Technologies has made a SKr704 million (EUR76 million) cash bid for Swedish rival XPonCard.

Government report alleges risk and security failures at SocGen

A probe into the EUR5bn Société Générale rogue trading scandal by the French government has revealed that the bank was warned last year that its security systems and internal controls were lacking.

Rogue trader costs Société Générale EUR5bn - back office controls skirted

French banking group Société Générale (SocGen) is reporting a massive EUR4.9 billion in losses perpetrated by a rogue trader who used to work in its middle office division and who used loopholes in controls and risk management procedures to conceal fictitious transactions.

CapGemini inks Société Générale contract

French banking group Société Générale has recruited consultancy Capgemini to standardise technology across its international retail banking subsidiaries.

Société Générale and La Banque Postale form e-payments venture

French banking group Société Générale (SocGen) and state-owned postal bank La Banque Postale are establishing a joint venture that will manage the development and operation of their respective electronic payment systems.

Banks, trading firms take minority stake in Chi-X

A group of 13 banks and trading firms has taken a minority equity stake in Instinet's MiFID-compliant alternative trading facility, Chi-X Europe.

French firms subscribe to Avox MiFID classification service

French firms Calyon, CM CIC Securities and Société Général Corporate and Investment Banking have signed up to the MiFID classification service provided by Deutsche Börse subsidiary Avox.

Turquoise names Cinnober technology provider; hires CEO from Morgan Stanley

Swedish vendor Cinnober Financial Technology has been selected to provide the platform for Turquoise, the bank-backed equities trading facility being set up by seven investment banks to compete with the domestic stock exchanges in Europe. The news comes as Morgan Stanley's Eli Lederman is appointed CEO of the venture.

SocGen rolls out Xenomorph's TimeScape

London-based Xenomorph says Société Générale Securities Services (SGSS) has rolled out its data management system, TimeScape, after signing a five year deal for the technology.

Société Générale Grid-enables credit risk management with Platform

Société Générale Corporate & Investment Banking (SG CIB) is using Grid technology from Platform Computing to speed up processing of credit risk calculations.

SocGen hires John Shaw to expand US program trading operations

Societe Generale has hired John Shaw from Jefferies as managing director of the firm's global program trading and electronic services group in New York.

EU banks discuss debit rival to MasterCard and Visa

A group of Europe's largest banks are holding secret discussions to establish a pan-European debit card scheme that would challenge those operated by MasterCard and Visa, according to banking consultancy Lafferty Group.