The board of directors of French Bank Société Générale rejected the resignation of bank chief Mr.Daniel Bouton and announced that they have full trust in his leadership.
Last week the bank lost seven bn dollars by a junior staff member working in back banking.
A 31 years old individual named Kerveil appeared in International press as “rogue trader".
He was arrested and later released and now Kerveil is being investigated for breach of trust.
The bank chief Daniel Bouton surrendered his last year bonus and six months salary as a compensation - A noble deed indeed.
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