SocGen board ponders chairman fate
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The board of Societe Generale pored over the fate of its chairman on Wednesday, torn between political pressure to dump him over a trading scandal and the need to close ranks against potential predator BNP Paribas.
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French bank Societe Generale faced tough questions on Friday over how it failed to spot the biggest rogue dealing fraud in history, in which a single young trader triggered a $7 billion loss under the noses of top executives.
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The Securities and Exchange Commission will propose soon a plan to tighten governance at the nation&#39;s stock exchanges to ensure they are serving the public interest, SEC Chairman William Donaldson said Friday.
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EADS co-chief executive Noel Forgeard is being questioned by France&#039;s parliamentary finance committee on why he sold millions of euros&#039; worth of shares in the European aerospace group just before it announced delays in deliveries of its Airbus A380 superjumbo.
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The trader at the centre of a massive trading scandal reportedly says Societe Generale must have known of his risk taking.
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French investigators were set to question accused rogue trader Jerome Kerviel for a third day Monday before deciding whether to release or place him under formal investigation over an alleged seven-billion-dollar fraud at Societe Generale.
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SYDNEY - Rupert Murdoch&#39;s News Corp is to consider moves to strengthen its corporate governance, in the face of growing shareholder concern about its relocation to the United States.
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Chairman of the board retires and cashes out.
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A board member of US media giant Dow Jones may face civil action over breaches of securities laws.
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Directors at scandal-hit Societe Generale begin talks to decide the fate of the bank's head, Daniel Bouton.
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Takeover talk swirled around Societe Generale bank on Friday, driving up its shares, with analysts expecting an all-French outcome to the rogue trader debacle.
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Business & money: Â· Doubt cast on SocGen claim of single perpetratorÂ· Employee of financial services firm is held
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Securities and Exchange Commission Chairman William H. Donaldson said yesterday that he wants to move ahead this year with a plan that would allow dissatisfied shareholders to propose board candidates under limited conditions.
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The board of directors had all the usual questions about the favoured candidate for the chief executive&#39;s position before it voted on Monday.
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More than 10 months after moving  boldly to boost the power of U.S. shareholders in choosing  corporate directors, the Securities and Exchange Commission has  become mired in disagreement.
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French police widened an investigation into a trading scandal at Societe Generale  as a court prepared to rule on Friday whether Jerome Kerviel, the trader blamed for huge losses, should be held in custody.
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A Paris broker was due to appear before an investigating judge on Saturday as part of a widening probe into the rogue trading scandal at French bank Societe Generale , sources close to the inquiry said.