World's Biggest Banking Fraud at SocGen in Paris, France
London, UK - 24th January 2008, 22:21 GMT
Dear ATCA Colleagues
[Please note that the views presented by individual contributors
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. The French banking giant Société Générale
(SocGen) has suffered USD 10 billion of losses, the combination of a world
record USD 7 billion fraud on the part of a single rogue futures trader
in Paris and USD 3 billion in subprime exposure.
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