I agree! This bank was home to that fraudster Jerome Kerviel.
All you have to do is do a websearch and you will find articles like..this one from the French edition of slate...
“We accuse the Société Générale of a violation of the federal laws” (1/2)
While the Kerviel trial is about to start in Paris a new case is opening in New York for the Société Générale. The class action brought in January having been deemed acceptable, the bank has to transmit its answers to the charges before April the 15th. The plaintiffs consider that the Société Générale has concealed the impact of the subprime mortgage crisis on its financial results (1/2) and turned a blind eye on Jérôme Kerviel’s actions if not protected him (2/2). Translation of french by VCK. Read it in french.
The problem is NOT the company; the problem was puttingin place this American CEO, LETWIN
( who is a Loser LET-LOSE); he squandered half the the cash balance to buy the low grade COTE property. You need to research the details