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Second SocGen employee detained
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No banks bail-out fund for Europe
European banks rescue plan agreed

year 2008 Top ^

  European leaders meeting have agreed a plan to tackle the banking crisis, saying no big institution will be allowed to fail
  France, Britain, Germany and Italy have agreed to work together to support financial institutions - but without forming a joint bail-out fund

  A second Societe Generale employee has been arrested as part of the probe into a rogue trader scandal at the bank
Feb.15 Bosses 'condoned' SocGen trader
  A lawyer for Jerome Kerviel accused of massive fraud said bank bosses 'condoned' his client's trades, contradicting bank statements
Jan.29 Paris to 'block any Societe bids'  Prime Minister Fillon has said his government will defend stricken bank Societe Generale against any hostile takeover bids from rivals Jan.24 Rogue trader to cost SocGen $7bn
  Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros

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