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Veolia, the French water, waste and energy services group, has dropped plans to sell a 49 per cent stake in its UK water division after rejecting bids from Blackstone and [...]

US leads rejection of Brown's proposal But France welcomes premier's comments Gordon Brown, the British prime minister, yesterday rapidly backpedalled from his proposal for a financial transactions tax after a [...]

Who would have thought that the humble washing machine could be a threat to anything other than stubborn stains? Yet those on the cutting edge of laundry technology know the [...]

Politicians sense public anger US wary of curbing executive salaries The mood towards bankers is ugly, as Michel Pebereau, chairman of BNP Paribas, learnt yesterday when he tried to defend [...]

About [euro]3bn has not been declared Accounts held in three Swiss banks France yesterday warned tax evaders it was hot on their trail after securing a list of 3,000 citizens [...]

Banks face losing government mandates Paris's guides exceed G20 recommendations Banks will be barred from lucrative French government mandates if they fail to abide by new international guidelines on pay, [...]

News analysis Tax authorities will monitor progress on the US-Swiss accord, write Haig Simonian and Joanna Chung If yesterday's deal between the US government, Switzerland and UBS, the country's biggest [...]

Societe Generale yesterday bowed to intense political and public pressure over executive pay as it dropped a plan to award four directors, including non-executive chairman Daniel Bouton and chief executive [...]

TRAVEL & LEISURE Six directors at Accor resigned in protest yesterday and warned of potential conflicts of interest after the French hotel group's two big private equity shareholders won a [...]

Banks Victims of the alleged $50bn fraud by US broker Bernard Madoff have filed the first lawsuit against Santander of Spain, the eurozone's biggest bank, claiming damages and accusing the [...]

Due diligence criteria not passed Europe's banks assess fraud's impact Deutsche Bankwas approached dozens of times in the past two years to lend to hedge fund investors who wanted to [...]

Money manager had placed $1.4bn Swiss group to insist on external checks A French money manager who placed $1.4bn with Bernard Madoff was found dead yesterday in what New York [...]

banks The Japanese subsidiary of BNP Paribas engaged in practices that raise serious questions about its internal controls and compliance, according to a highly critical report published yesterday by an [...]

banks The collapse of Lehman Brothers and the ensuing market turmoil took a heavier than expected toll on BNP Paribas, forcing third-quarter net income at France's biggest bank down 56 [...]

BANKS Interbank financing will be covered Deal aims to soothe fears over liquidity The Belgian government yesterday offered to guarantee all new bank financing for one year after it joined [...]

BANKS Auditors summoned to appear in court Evidence of complicity alleged Societe Generale will face accusations next week that it improperly accounted for the fictitious trades of Jerome Kerviel, the [...]

BANKS A fierce power struggle at the heart of France's biggest retail bank is likely to come to a head on Tuesday when Georges Pauget, chief executive of Credit Agricole, [...]

OIL & Gas FT INTERVIEW Gerard Mestrallet, chairman designate of new energy champion, insists that it will 'provoke nothing', reports Peggy Hollinger GDF Suez, the European energy champion to be [...]

China's banking regulators like to describe foreign strategic investments in Chinese banks as marriages. According to Beijing's assessment of these marriages, about a third are very happy, a third are [...]

If Frederic Oudea had a wicked sense of humour he could have called his fourth child Jerome. But that may have been a step too far for the man this [...]

If Frederic Oudea had a wicked sense of humour he could have called his fourth child Jerome. But that may have been a step too far for the man this [...]

BNP Paribas, France's largest listed bank, said yesterday it was no longer studying an offer for SocieteGenerale, as the latter's gamble that its independence depended on backing beleaguered chairman Daniel [...]

Daniel Bouton, chairman of Societe Generale, has invested Euros 1.5m (Dollars 2.2m) to take up rights in the rescue Euros 5.5bn capital increase that was launched by the French bank [...]

Daniel Bouton, chairman of Societe Generale, has invested Euros 1.5m (Dollars 2.2m) to take up rights in the rescue Euros 5.5bn capital increase that was launched by the French bank [...]

Laurence Parisot, head of the French employers' federation Medef, yesterday told President Nicolas Sarkozy to stay out of business matters after he reiterated his call for the resignation of Daniel [...]

Daniel Bouton, chairman of Societe Generale, yesterday went on the offensive, saying he would not resign as the French bank struggles to recover from the industry's biggest rogue trading scandal. [...]

Daniel Bouton, chairman of Societe Generale, yesterday went on the offensive, saying he would not resign as the French bank struggling to recover from the industry's biggest rogue trading scandal. [...]

Daniel Bouton, chairman and chief executive of Societe Generale, will face more pressure today after independent directors of the stricken bank last night identified 'weaknesses' in its controls that led [...]

Daniel Bouton, chairman and chief executive of Societe Generale, faces further pressure today after the independent directors of the stricken bank last night identified 'weaknesses' in its controls that led [...]

Christian Noyer is drawing no conclusions just yet about the rogue trading scandal that threatened to bring down Societe Generale, France's second-biggest bank by market value, when it was discovered [...]

Like many traders, Jerome Kerviel chose to always work with the same broker. As a result, the man blamed for a record Euros 4.9bn (Dollars 7.2bn) loss at Societe Generale [...]

Trades executed by Jerome Kerviel, the 31-year old junior Societe Generale dealer who allegedly masterminded the world's biggest rogue trading scandal, were being scrutinised within the bank's broking arm as [...]

Daniel Bouton, the Societe Generale chief, insisted yesterday that the French bank had an independent future as it launched a Euros 5.5bn (Pounds 4.1bn) rights issue to repair the damage [...]

Daniel Bouton, boss of Societe Generale, insisted yesterday that the French bank had an independent future while admitting he still found the rogue trading scandal 'unbelievable'. Mr Bouton was speaking [...]

Daniel Bouton, the Societe Generale chief, insisted yesterday that the French bank had an independent future as it launched a Euros 5.5bn (Dollars 7.97bn) rights issue to repair the damage [...]

The lawyer for Jerome Kerviel - the man who allegedly masterminded the biggest rogue trading fraud in financial history - yesterday accused his employer, Societe Generale, of complicity in the [...]

The lawyer for Jerome Kerviel - the man who allegedly masterminded the biggest rogue trading fraud in financial history - yesterday accused the trader's employer, Societe Generale, of complicity in [...]

Lawyers for Jerome Kerviel, the trader accused of fake transactions costing Societe Generale billions of euros, yesterday dismissed as irrelevant a series of electronic messages between the trader and his [...]

Societe Generale may have convinced two of the world's leading investment banks to underwrite its Euros 5.5bn (Dollars 7.98bn) rescue rights issue but the fundraising will still be a huge [...]

The lawyer for Jerome Kerviel - the man who allegedly masterminded the biggest rogue trading fraud in financial history - yesterday accused his employer, Societe Generale, of complicity in the [...]

The inquiry into the biggest rogue trading scandal in financial history widened yesterday as police investigating the alleged fraud at Societe Generale brought a second trader in for questioning. The [...]

Jerome Kerviel, the man accused of masterminding a record rogue trading loss, was caught in the process of trying to cover up a hidden Euros 1.4bn (Dollars 2bn) profit he [...]

Awaiter at the Cafe Valmy next door to the Paris headquarters of Societe Generale remembers Jerome Kerviel as being different to many of the brash banking types that drank there. [...]

The US Securities and Exchange Commission is looking at whether Societe Generale violated US securities laws as it unwound and revealed its Euros 4.9bn (Pounds 3.7bn) loss from Jerome Kerviel's [...]

The US Securities and Exchange Commission is looking at whether Societe Generale violated US securities laws as it unwound and revealed its Euros 4.9bn loss from Jerome Kerviel's allegedly rogue [...]

Jerome Kerviel, the trader accused of fake transactions costing Societe Generale billions of euros, yesterday broke his silence to insist he would not be used as a 'scapegoat'. In his [...]

Jerome Kerviel, the trader accused of fake transactions costing Societe Generale billions of euros, yesterday broke his silence to insist he would not be used as a 'scapegoat'. In his [...]

Jerome Kerviel, the trader accused of fake transactions costing Societe Generale billions of euros, yesterday broke his silence to insist he would not be used as a scapegoat. In his [...]

Jerome Kerviel, the trader accused of fake transactions costing Societe Generale billions of euros, yesterday broke his silence to insist he would not be used as a 'scapegoat'. In his [...]

France is preparing to impose punishing fines on banks that fail to monitor trading risks after a government report yesterday signalled serious weaknesses at Societe Generale, which has been rocked [...]