Comments Off Continue Reading
August 5th in International, Investment Banks, News by Editor .

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;

Related PostsJerome Kerviel hid bets to “save appearances”Jerome …

Comments Off Continue Reading
August 5th in International, Investment Banks, wall street by Editor .

The Wall Street Horror Story….. Nutbags & the Internet

Across the pond, a Wall Street horror story continues to make waves.

Steven Rattner, Managing Director at Credit Suisse, resigned or got fired earlier this week after having an affair with a married woman whose nutbag husband later launched a global Internet smear campaign. (The contrite Mr. Rattner, who broke no laws and violated no corporate policy, shared his story with the NYT’s Andrew Ross Sorkin.)

Related PostsWall Street: The SuitsWall Street: Money Never Sleeps – New ClipBuffett Berates Wall StreetWall Street …

 Page 2 of 2 « 1  2