Societe Generale uncovers $7.14b trader fraud

([Agencies])
Updated: 2008-01-25 13:54


The entrance to the headquarters of French bank Societe Generale is seen in La Defense, outside Paris, January 24, 2008. Societe Generale has uncovered a fraud by one of its traders which will have 4.9 billion euros ($7.14 billion) negative impact on the group France's second largest listed bank. [Agencies]  French bank uncovers massive fraud

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