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Hostile bidders warned off French bank

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  • #1

    Hostile bidders warned off French bank

    THE French government vowed overnight to fight off any hostile takeover bid for Societe Generale, but warned the bank is in "crisis" following massive losses blamed on a rogue trader.

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  • #2
    Scandal-hit bank chairman stays put

    SOCIETE Generale's board has kept faith with chairman Daniel Bouton but left him off a new committee to take charge of the crisis over multibillion-dollar rogue trader loss.

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