Societe Generale “vigorously denies market rumours”, demands probe

12 August 2011 | 2 minutes read

France’s second largest bank, Societe Generale (SG), was forced to issue a press statement saying it “categorically and vigorously denies all market rumours” after its stock price entered a downward spiral following broad based speculation regarding the bank’s solvency. Despite announcing 1.6 billion in earnings for the first half of the year in results published just last week, the bank…

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