Societe Generale fined 1.6 million pounds by UK Financial Services Authority
Societe Generale was fined around 1.6 million pounds by the UK Financial Services Authority for failing to provide accurate transaction reports to the regulator.
French bank Societe Generale said Thursday it has uncovered a $7.14 billion fraud -- one of history's biggest -- by a single futures trader who fooled investors and overstepped his authority.