Search results
Results from the WOW.Com Content Network
Its full name was Société Générale pour favoriser le développement du commerce et de l'industrie en France ("General Company to Support the Development of Commerce and Industry in France"). The bank's first chairman was the prominent industrialist Eugène Schneider, followed by Edward Charles Blount. By 1870, the bank had 47 branches ...
Société générale means "general company" or "general society" in French, and was included in the name of many legal entities, particularly in the 19th and early 20th centuries, starting with the Société Générale de Belgique in 1822.
the Crédit Mobilier bank, founded in 1852 and subsequently the backbone of the Pereire group, taken over by the Banque de France in 1867 following the difficulties of the Compagnie Immobilière [2]: 213 the Compagnie des chemins de fer du Midi, created in 1852, one of the major French railway companies until their nationalization into SNCF in 1938
The bank had large investments in transatlantic steamship lines, urban gas lighting, a newspaper and the Paris public transit system. In 1866–1867, the bank underwent a severe crisis and the Pereire brothers were forced to resign at the demand of their longtime adversaries in the Banque de France. The Crédit Mobilier never recovered its ...
The bank claimed Kerviel "had taken massive fraudulent directional positions in 2007 and 2008 far beyond his limited authority" [8] and that the trades involved European stock index futures. [8] Though bank officials say Kerviel apparently worked alone, skeptics question how unauthorized trading of this magnitude could go unnoticed.
Albert Spaggiari (14 December 1932 – 8 June 1989), nicknamed Bert, was a French criminal chiefly known as the organizer of a break-in into a Société Générale bank in Nice, France, in July 1976 that resulted in the theft of an estimated 46 million francs, none of which were ever found. [1] [2]
The banking industry in France has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt. [1] France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts.
The Bank of France (French: Banque de France [bɑ̃k də fʁɑ̃s], the name used by the bank to refer to itself in all English communications) is the member of the Eurosystem for France. It was established by Napoleon Bonaparte in 1800 as a private-sector corporation with unique public status.