06.06.2011 - Did SocGen bet against its own share price?
Thanks to leaks to The Financial Times regarding Libya’s sovereign wealth fund, we now know that large financial institutions sold the Libyans numerous financial derivatives. I find it more interesting to learn what was sold by one French bank. What was Société Générale, the large French bank, doing? Was it betting against its own stock? Was it spreading rumors that it was a takeover target? That is what The Financial Times seems to be saying...............................................Full Article: Source
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