Societe Generale raises $8.44 billion
Societe Generale SA, seeking to restore its status as a top-tier bank after a massive trading scandal, said Tuesday it had raised $8.44 billion through a share offering.
Societe Generale, the French bank reeling from a rogue trading scandal, launched a rights issue at a steep discount on Monday, aiming to raise 5.5 billion euros to bolster its balance sheet.