Industrial Bank of huge loss: Prime Minister said the economy had no effect on the law.

<P> Keywords: Societe Generale trader fraud, consumer losses to create shape </ P> <P> Related News: </ P> <P> <P class = MsoNormal style = MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150 .%; TEXT-ALIGN: left; mso-pagination: widow-orphan align = left> France Societe Generale Bank: fraud could have been avoided <? xml: namespace prefix = o ns = urn: schemas-microsoft-com: office: office /> .<o:p> </ o: p> </ P> <P class = MsoNormal style = MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan align = .left> <o:p> </ o: p> </ P> <P class = MsoNormal style = MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan .align = left> Industrial Bank of huge loss: max shadow than bankruptcy <o:p> </ o: p> </ P> <P class = MsoNormal style = MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT- .ALIGN: left; mso-pagination: widow-orphan align = left> <o:p> </ o: p> </ P> <P class = MsoNormal style = MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; .TEXT-ALIGN: left; mso-pagination: widow-orphan align = left> Industrial Bank: 4.9 billion euros trader fraud or bankruptcy <o:p> </ o: p> </ P> </ P> <P .class = MsoNormal style = MARGIN: 0cm 0cm 0pt> <o:p> </ o: p> </ P> <P> French bank Societe Generale announced Jan. 23, an internal company system using loopholes in traders trading in futures, .so that a loss of $ 7,140,000,000. .This is the largest global banking history, one of the fraud. .Trader has not been the French government declined to comment on the benefits of French bank (Societe Generale) officials said that although the company's fraudulent transactions traders bring to the company 7.1 billion loss, but the staff did not directly receive benefits from. .Bouton, CEO (Daniel Bouton) that the trader's behavior is not understandable, is not convinced that the company reported a second case of such incidents. .The company said it would formally notify the investors in the position before the lift as soon as possible, if the other banks were trading in the company's losses will be greater. .</ P> <P> the French government on Tuesday refused to French bank (Societe Generale) was fraud comment. .French President Nicolas Sarkozy (Nicolas Sarkozy) made the World Brand Lab news (brand.) spokesman David Martinon said: "The French bank will hold a press conference later Thursday, so I do not do too much .comments, it seems to be a fraud. "French Prime Minister Francois Fillon (Francois Fillon) World Economic Forum in Davos, also declined comment. .But he believes that French bank (Societe Generale) the huge fraud occurred very serious nature of the transaction, but will not impact the French economy. .</ P> </ p>.