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World News   Paris   Business   Financial (12)
Paris, Financial Timeline Sunday, March 14 Bookmark and Share     Author
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No banks bail-out fund for Europe
World News World Financial (182) Paris (179) Business (29) Financial (12)
Bank (6)
2008 (12)
Financial on Wikipedia Financial on Web Financial Books

EU chiefs confront markets crisis
European banks rescue plan agreed


year 2008 Top ^

Oct.12
  European leaders meeting have agreed a plan to tackle the banking crisis, saying no big institution will be allowed to fail
Oct.11
  The 15 eurozone leaders are to meet to try to establish a common approach to the financial crisis follow up and execute upon a G7 plan

Oct.4
  France, Britain, Germany and Italy have agreed to work together to support financial institutions - but without forming a joint bail-out fund
EU leaders meet to discuss credit crisis
  European leaders are meeting to discuss their approach to global financial crisis. Sarkozy planned to meet Brown, Merkel, and Berlusconi
Jul.25   Obama links NATO troops to U.S. tax cuts  Barack Obama said that persuading NATO allies to contribute more troops to Afghanistan could lead to U.S. troops cuts and help improve the economy Mar.12 Second SocGen employee detained  A second Societe Generale employee has been arrested as part of the probe into a rogue trader scandal at the bank Feb.15 Bosses 'condoned' SocGen trader  A lawyer for Jerome Kerviel accused of massive fraud said bank bosses 'condoned' his client's trades, contradicting bank statements Jan.30 Societe Generale CEO keep jobs  Chairman and chief executive Daniel Bouton will stay on despite massive trading losses of more than $7.2 billion Jan.29 Paris to 'block any Societe bids'  Prime Minister Fillon has said his government will defend stricken bank Societe Generale against any hostile takeover bids from rivals Jan.28 Trader 'concealed deals'  Jerome Kerviel told police he hid his actions to appear like an 'exceptional trader' and to boost his annual bonus Jan.27 Trader 'staked 50bn euros'   Jerome Kerviel, 31, at the centre of a massive fraud case, had gambled around 50bn euros before being uncovered Jan.24 Rogue trader to cost SocGen $7bn
  Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros


year 2007 Top ^



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