France defends rogue trader bank
The French government will back troubled bank Societe Generale against any attempted takeovers while it remains weakened by the rogue trader scandal, Prime Minister Francois Fillon said today.
“The government will not let Societe Generale become the object of hostile raids from other banks,” Mr Fillon said, adding that it was also guarding against any attempt to destabilise France’s second-largest bank.
