Featured
Search
Advanced Search
Learn More

Voxant's Newsroom has a huge collection of video, text, and photos from over 300 news sources. Find in-depth news, embed it to your site, and build community!

About Us
Embedding
Getting Paid
NewsPERKS

Record loss for SocGen

February 21, 2008

Like many of the world's top banks, SocGen has been hit by further losses after the global credit crunch. The bank has warned it may make further writedowns in the future. SocGen's Executive Chairman Daniel Bouton says SocGen is determined to ride out the storm as an independent bank, despite reports of a potential bid from arch-rival BNP Paribas.