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Societe Generale is a financial services institution headquartered in France. They are the third largest investment bank in the Eurozone.
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Key Dates
- 1870: 47 branches in France
- 1871: Opens London branch
- 1913: 122,000 shareholders
- 1945: Societe General nationalized
- 1973: Branch opens in Soviet Union
- 1987: Company is privatized
- 2002: Buys Morocco's Eqdom, one of many acquisitions to come in Africa; also buys Hertz
- 2004: Global Investment Management and Services (GIMS) introduced
- 2008: Bank loses $7.2 billion to fraudulent trader
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Societe Generale Questions
What general questions should be on a customer satisfaction survey? 6 AnswersRob, I think there are three key questions for the shortlist. (And even three might be too many to ask, because you really want to keep it simple for the custom... read more
Considering all the layoffs recently at General Electric, was a Super Bowl ad a wise use for resources? 4 AnswersThe fact that GE owns NBC, and NBC took in a very large amount of money from this year's Super Bowl definitely answers the question. "Yes" NBC made a killing... read more
Generally speaking, what are the fees with using an executive search firm as both in a retainer situation or on a contingency basis? 1 AnswerRetained recruiter fees are approximately 30% of annual compensation of the open position plus expenses. Billing is done over the first 3 months of the search... read more -
Societe Generale Recent News
- Societe Generale: Newsroom
- Topix: Societe Generale
- The New York Times: French Bank Offers New Details on Fraud (January 27, 2008)
- "In a five-page document released Sunday, France's second-largest bank also sought to counter the notion that it had disrupted markets by hurriedly selling off the massive positions that Kerviel allegedly built up without authorization."
- International Herald Tribune: Société Générale loses $7 billion in trading fraud (January 24, 2008)
- New York Times: $7.1 Billion Fraud Uncovered at Société Générale - New York Times (January 24, 2008)
- BusinessWeek: Societe Generale uncovers massive fraud (January 24, 2008)



