DJ French Shareholder Assoc Calls For New Bank Rules Post SocGen
PARIS (Dow Jones)--Colette Neuville, president of the minority shareholder group known by its French acronym Adam, said Friday that the gravity of the alleged fraud at Societe Generale (SCGLY) proves that French banking regulation is inadequate.

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DJ S Korea FSS Asks SocGen Seoul Branch To Toughen Controls
SEOUL (Dow Jones)--South Korea's Financial Supervisory Service has told the Seoul branch of Societe Generale (13080.FR) to strengthen its internal control system, after the French bank unveiled Thursday an incident of trading fraud, an FSS official said Friday.

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DJ Societe Generale Vulnerable To Takeover Bids -Report
Societe Generale SA (13080.FR) has made itself vulnerable to takeover bids from other large international financial institutions after it revealed one of its traders committed the biggest ever alleged bank fraud, losing EUR4.9 billion in the first few weeks of this year, bankers told The Daily Telegraph in an article published on Friday.

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DJ THE SKEPTIC: SocGen's Kerviel Left Out In The Cold
The Societe Generale employee allegedly responsible for a EUR4.9 billion trading loss deserves better than to be described by co-Chief Executive Officer Philippe Citerne as "mentally weak." Or a "genius of fraud" by the Bank of France head.

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DJ UPDATE: SocGen Won't Extend A$300M Allco Max Facility
SYDNEY (Dow Jones)--Australia's Allco Max Securities & Mortgage Trust (AXQ.AU) said Friday that Societe Generale (13080.FR) won't extend a A$300 million warehouse facility provided to the trust, following the French bank's decision to close its Australian securitization operations.

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DJ French Press Digests SocGen's Banking Nightmare
PARIS (Dow Jones)--France was picking over the details Friday of Societe Generale's SA (13080.FR) Thursday announcement that a rogue trader lost EUR4.9 billion of the French bank's money, wiping out most of its 2007 earnings.

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PRESS RELEASE: Moody's Cuts Societe Generale To Aa2/B-
The following is a press release from Moody's Investors Service: Paris, January 24, 2008--Moody's Investors Service today downgraded Societe Generale (SG)'s bank financial strength rating (BFSR) to B- from B and its long-term debt and deposit ratings to Aa2 from Aa1.

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Rogue SocGen trader "a genius of fraud"
The trader blamed for the world's biggest banking fraud was a junior banker who used his intimate knowledge of Societe Generale's risk control systems to conceal months of illegal dealing, the bank and insiders said.

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Rogue Societe Generale trader 'not on the run' - lawyer
PARIS (Thomson Financial) - The trader blamed for a near five-billion-euro fraud at Societe Generale is "not on the run", his lawyer said.

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Wall Street Analysts More Bearish Than Ever; More Accurate, Too
June 18 (Bloomberg) -- Never in the history of Wall Street have analysts been so bearish. The good news is they're also getting it right more often, helping make investors richer by betting against corporate America.

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