Items Tagged with 'Rogue Trader'


  • Soc Gen Chair to Bail in a Week

    Daniel Bouton, Chairman of the Board of Directors of French investment bank Société Générale is stepping down on May 6. The Board will elect a new Chairman at its meeting on that same day. Bouton chaired the bank for ten years, posting large profits and growth during much of that time. Recently, his tenure became overshadowed by the Kerviel fraud.
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  • At Morgan Stanley, Challenges -- And Questions -- Abound

    It's looking awfully good to be Goldman Sachs Group Inc. [stock GS][/stock] these days. With Lehman Brothers Holdings Inc. [stock LEH][/stock] backed into a corner, Morgan Stanley [stock MS][/stock] stumbled out of the gate on Wednesday after announcing that net earnings had fallen to just $1.03 billion in the second quarter, or 95 cents a share, compared to $2.36 billion, or $2.24, a year earlier.
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