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12 February 2008

My Faves for Monday, February 11, 2008

Quoted: PARIS (Reuters) - Other banks and the French taxman stand to make hundreds of million of dollars as Societe Generale boosts its capital with a deeply discounted rights issue after rogue trading and U.S.

[tags: france, finance, business, banking]

Societe Generale on Monday launched a 5.5-billion-euro capital increase -- offering shares at a massive discount -- to cover losses it blames on rogue trader Jerome Kerviel who is to fight his detention in jail.

[tags: france, finance, business, banking]

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In the computer business since 1962 - love IT.