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Stock Market & Financial Investment News

News Breaks
February 13, 2013
06:04 EDTSCGLYSociete Generale names Philippe Heim CFO after Jacques Ripoll resigns
Societe Generale announced that Philippe Heim has been appointed Chief Financial Officer as of March 1, 2013. William Kadouch-Chassaing replaces him as Deputy Chief Financial Officer and Head of Group Strategy. Jacques Ripoll, Head of Global Investment Management and Services, has decided to pursue his career outside the company, Societe Generale said. Philippe Heim was Deputy Financial Officer since March 2012 and Head of the Group Strategy since 2009.
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August 19, 2014
06:34 EDTSCGLYGoldman abandons effort to toss out $1B Gaddafi suit, Telegraph says
Goldman Sachs (GS) abandoned its effort to toss out a London court suit from the Libyan Investment Authority who alleged that the bank lost over $1B worth of funds during the final years of Muammar Gaddafi's reign as dictator, according to the Telegraph, citing comments from the LIA. The LIA sued both Goldman and Societe Generale (SCGLY) over claims that the banks' London divisions took-in exorbitant fees while losing money in derivative trades. Reference Link

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