Societe Generale has promoted CFO Frederic Oudea to the post of deputy chief
executive alongside Philippe Citerne and Didier Alix.
The promotion means that Oudea, who has been CFO since 2003, will sit above
SocGen’s head of investment banking Jean-Pierre Mustier, whose reputation took a
hit after the actions of rogue trader Jerome Kerviel, Reuters reports.
The actions of junior trader Kerviel cost the bank €4.9bn (£3.7bn) and have
left the bank vulnerable to a takeover from a rival.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements