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For Now, Chief Will Keep His Job at French Bank.

Authors :
Clark, Nicola
Bennhold, Katrin
Source :
New York Times. 1/31/2008, Vol. 157 Issue 54206, pC1-C6. 2p.
Publication Year :
2008

Abstract

The article reports that the board of directors of the French bank Societe Generale took no action on the offer to resign made by Chief Executive Officer Daniel Bouton, leaving him in his position. Anonymous sources indicated this decision may be a temporary one. Bouton is under pressure to resign due to the $7 billion in losses created though the fictitious stock trades of bank traded Jerome Kerviel.

Details

Language :
English
ISSN :
03624331
Volume :
157
Issue :
54206
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
28714110