TIMELINE-SocGen misses Q3 profit forecast
Nov 4 (Reuters) - Societe Generale (SOGN.PA: Quote, Profile, Research) missed third-quarter net profit forecasts on Wednesday, although renewed bid speculation boosted its shares. [ID:nL3620732]
SocGen last year unveiled 4.9 billion euros ($6.4 billion) of losses caused by unauthorised trading. Here is a timeline of recent events at the bank:
2008
Jan 24 - SocGen says it has uncovered a fraud involving junior trader Jerome Kerviel, resulting in losses of 4.9 billion euros.
Jan 25 - French police carry out searches of the home of Kerviel and of SocGen's headquarters. Kerviel is taken into police custody the next day.
Jan 30 - SocGen Chief Executive Daniel Bouton says the bank has enough capital to stay independent.
Feb 8 - Kerviel is jailed.
Feb 20 - An internal investigation into the massive trading loss finds controls at the bank lacked depth. Continued...
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