Bank Defies French Elite and Keeps Chief, for Now
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The decision to keep Daniel Bouton at the helm of SociÃ©tÃ© GÃ©nÃ©rale baffled some people in the United States and Britain.
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The outgoing French finance minister has been confirmed as the new head of President Jacques Chirac's governing party.
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The banking company is holding up in a tough market.
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The man at the center of a trading  scandal at Societe Generale said that his activities could not  have gone undetected by the French bank.
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European Central Bank chief Jean-Claude Trichet has attacked France for being Europe's "number one spender". Mr Trichet warned that in comparison to its GDP, the country was well on the way to spending much more than its European neighbours during 2007. The warning came as Prime Minister Francois Fillon warned that France's finances were in a "critical" state. French finances have caused friction with Europe, with France under pressure to cut its budget deficit.
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France have kept the side which beat Australia last weekend for their game against Argentina next Saturday. &quot;We decided not to change an iota from a team which gave us complete
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So far, Credit Suisse has weathered the credit crisis better than its larger rival, UBS, which wrote down $14 billion in the same period.
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French President Nicolas Sarkozy is keeping his country's business elite waiting.
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President defies expert advice with shock order that leads to plummeting bank shares.
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France stepped up efforts to restore confidence in the banking system as Societe Generale faced tough questions on Friday over why it failed to prevent the biggest financial dealing scandal in history.
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Deutsche Bank shuffled the ranks in its executive suite on Tuesday, putting more power into the hands of two prominent investment bankers based in London, but also naming
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A broad portfolio of drugs helps French pharmaceutical stay ahead of its peers.
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French President Jacques Chirac: on his way out figures among the top &#x2019;euro-saures&#x2019; who, in accordance with the laws of evolution, must give way to a new kind of leader.Comment
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PARIS/LONDON  - France warned foreign banks on Tuesday not to try to grab control of Societe Generale, as speculation of a takeover approach by rival BNP Paribas drove its shares more than 10 percent higher.
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French Finance Minister Nicolas Sarkozy has taken one step closer to a bid for the presidency, taking the helm of President Jacques Chirac&#39;s party.
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The bank may not be such an easy acquisition target after all.
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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.