Société Générale Société anonyme (SGE.F)
- The Telegraph
I demand justice for all traders, says banker sacked by SocGen for risky bets
A banker fired for making a string of risky stock market bets has called for “trader justice” as he claimed that he and his colleagues were scapegoated.
- Reuters
Fired SocGen trader hits back at bosses for unauthorised bets
One of the Societe Generale traders let go by the French bank late last year after it uncovered a series of unauthorised bets has criticised his former bosses, saying they were at fault for failing to identify the trades. Kavish Kataria, a former vice president at SocGen in Hong Kong, said on LinkedIn on Thursday that his job had been terminated with seven days pay and his bonus for the previous year withheld despite, he claimed, making the bank more than $50 million in profit in eight months. "Instead of taking the responsibility of the lapse in their risk system and not identifying the trades at the right time they fired me and terminated my contract," he said.
- Bloomberg
Ex-SocGen Trader Says He Was Fired After Bank Failed to Detect His Bets
(Bloomberg) -- A former Hong Kong-based Societe Generale SA trader claimed he was fired and said the French lender should share the blame for failing to detect his wagers.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaKavish Kat
