January 24, 2008

SocGen news hits late Asian trading (FT.com)

FT.com – Hong Kong stocks took a tumble late in Thursday trading after news that French bank Societe Generale will have to raise EU5.5bn to shore up its capital after a trading fraud and subprime-related losses. Asian markets that ended trading prior to that disclosure mostly closed up, following Wall Street’s late rebound overnight.

Permalink • Print

Trackback uri

http://www.jolinszsells.com/1064/socgen-news-hits-late-asian-trading-ftcom/trackback/