Banking Archives

Feb 5
Bankers Have Worse Than Average Ethics
A British study has found that financial services employees possess less honesty, less loyalty, and less self-discipline than the average British worker.  That is not exactly great news for people with money in banks or with brokers, and than is...
Jan28
Societe Generale Fraudster Hacked Bank Computers
In a follow-up to a previous column, the Societe Generale employee that made fraudulent transactions totaling at least $7 billion did so at least partially by hacking into the banks computer system. The bank says that the trader used "several... Continue Reading
Jan24
Multi-Billion Dollar Bank Fraud In Paris
A lone futures trader who had lied to investors and dignificantly exceeded his authority has involved the French Societe General bank in a fraud exceeding $7 billion. The bank, already having financial difficulties because of the subprime mortgage crisis, has... Continue Reading
 


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