Societe Generale board backs chairman Bouton
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Societe Generale chairman Daniel Bouton will stay at the helm of the scandal-marred bank, a bank official said Wednesday.
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The French bank's board of directors have decided to back the chief Daniel Bouton. But their travails have only begun
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs  loss of billions of euros.
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The German finance ministry has said it supports French socialist politician Dominique Strauss-Kahn as a candidate for the post of head of the International Monetary Fund.
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French President Nicolas Sarkozy on Wednesday championed the idea of a &quot;simplified treaty&quot; for the European Union, which European Commission chief Jose Manuel Barroso said was gaining support.
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French Finance Minister Christine Lagarde said Societe Generale followed market rules when it unwound unauthorized transactions by a rogue trader in a move that cost the bank billions, but urged tighter controls on banks in France.
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French President Jacques Chirac backed  the judiciary on Friday in a row with Interior Minister Nicolas  Sarkozy, who has accused judges of being too lenient.
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French bank Societe Generale is mulling a combination with bigger domestic rival BNP Paribas, a French newspaper said on Friday, in a deal which could create a French national champion in banking.
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The French Socialists' presidential candidate Segolene Royal has expressed support for Germany's position on renewable sources of energy.Comment
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Jose Manuel Barroso, the European Commission president, yesterday backed France&#39;s European Commissioner, Jacques Barrot, and said he had no regrets over his handling of a dramatic showdown with MEPs last month.
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BNP Paribas confirmed on Thursday that it was studying a possible bid for Societe Generale, as its fellow French bank reeled from rogue trading losses and France warned off would-be foreign bidders.
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Members of the French parliament back a law to allow the sell-off of Gaz de France to private-sector giant Suez.
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Business & money: Daniel Bouton is to stay on at the French bank to guide it through its current crisis, board decides
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Employee shareholders at Societe Generale said Wednesday they had started legal action following a multi-billion-euro rogue trader scandal at the French bank.
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French President Nicolas Sarkozy said in an interview published Saturday he will support the candidacy of former socialist minister Dominique Strauss-Kahn to head the International Monetary Fund.
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PARIS, Dec. 2. - The âYesâ camp won nearly 59 per cent of the vote in an internal referendum by the French Socialist Party on the European Constitution, party leader Mr Francois Hollande announced today.
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French President Jacques Chirac is supporting the bid of the Philippines to host a permanent secretariat of the Asia-Europe Meeting (ASEM), Malacanang Spokesman Ignacio R. Bunye said in a statement Sunday.