French bank body fines SocGen $6 million over Kerviel

French bank body fines SocGen $6 million over Kerviel

Published by InformedTrades
07-04-2008

French bank body fines SocGen $6 million over Kerviel

PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.

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