Societe Generale SA , France’s second- largest bank by market value, accused a former foreign-exchange trader of misappropriating trade secrets involving clients for his future employer, Credit Agricole SA .
Alassane Ouattara is on the verge of winning the military battle to control Ivory Coast . The challenge of healing ethnic and regional divisions in the world’s top cocoa producer may prove to be a more daunting task.
A trustee overseeing the liquidation of Bernard Madoff’s firm is near a “multibillion-dollar” settlement with the estate of Jeffry Picower, the longtime Madoff investor who drowned in his swimming pool last year, a bankruptcy judge said.
The trustee liquidating Bernard L. Madoff ’s investment firm filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his arrest two years ago for masterminding the biggest Ponzi scheme in U.S. history.
The Ivory Coast units of at least six banks including Societe Generale SA and BNP Paribas SA remained closed today, even after President Laurent Gbagbo seized the lenders to ensure they continue operating.