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Société Générale S.A. (French: [sɔsjete ʒeneʁal]), colloquially known in English-speaking countries as SocGen (pronounced [sɔk ʒɛn]), [3] is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby in La Défense.
Kerviel states his actions were known to his superiors and that the losses were caused by panic selling by the bank. Société Générale's own wrongs were later established by a French jurisdiction, which led the Cour de cassation to cancel the €4.9 billion sanction on Kerviel. [2]
In 1913, Société Générale, by then one of the world's largest banks, decided to expand to the newly established French protectorate in Morocco and opened branches in Casablanca and Tangier. In 1923, it relocated its Moroccan head office in Casablanca from the rue des Consuls to a purpose-built building on the prestigious boulevard Mohammed ...
While its legal headquarters remains in Lévis, most of the executive management, including the CEO, is based in Montreal. [3] As of 2017, Desjardins Group consists of 293 local credit unions operating 1,032 points of service and serving more than seven million members and clients, mostly in the provinces of Quebec and Ontario. [4]
SGS (formerly Société Générale de Surveillance (French for General Society of Surveillance)) is a Swiss multinational company headquartered in Geneva, which provides inspection, verification, testing and certification services. Its 99,600 employees operate a network of 2,600 offices and laboratories worldwide. [2]
In 1988, SGE was acquired by Compagnie générale des eaux, which was later renamed Vivendi. [7] In 2000, the company changed its name to Vinci. [4] During 2001, Vinci acquired Groupe GTM, which was a combination of Dumez (founded in 1880) and GTM (founded in 1891). [4] One year later, the British-based business Norwest Holst was renamed Vinci ...
Jérôme Kerviel (French pronunciation: [ʒeʁom kɛʁvjɛl]; born 11 January 1977) is a French rogue trader who was convicted and imprisoned in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion.
Tours Société Générale, the group head office in Paris La Défense; Société Générale Bank Heist, a 1976 bank robbery in Nice; Baden v Société Générale, a 1983 UK law case; 2008 Société Générale trading loss, a financial crisis episode; Société Générale, London Branch v Geys, a 2012 UK labor law case
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