UPDATE 1-Fed says unaware of SocGen losses before rate cut
Story date: 2008-01-24 11:40:00
Added on: 2008-01-24 19:00:46
Forbes - WASHINGTON (Reuters) - The Federal Reserve was not aware of a rogue trader scandal costing French bank Societe Generale more than $7 billion in losses when the U.S. central bank decided on an emergency interest rate cut this week, a Fed source said ...
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