SocGen Blame new accounts dive on Jerome Kervial – How Convenient.
Societe Generale disclosed last week that it had recorded a 45% drop in new accounts in a sign that customers are being scared away by the biggest rogue trading scandal in history. Jerome Kervial
Six months ago the junior trader, was accused of losing almost €5 billion, SoGen; France’s second largest bank said it registered 23k new French accounts in the second quarter. The figure for the same period last year was 45k;
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