|Société Générale Group|
|Key People||CEO Frédéric Oudéa, Chairman Daniel Bouton|
|Products||Retail, corporate and investment banking, investment management|
Société Générale - better known as SocGen - is a diverse, Paris-based global financial services company operating in 82 countries. Like many of its competitors, SocGen was hurt by the 2007 collapse of the U.S. subprime mortgage market.
SocGen began in May 1864 under a decree from Napoleon III and by 1870 had 15 Parisian branches and 32 in the provinces. The bank established a permanent office in London a year later.
- Retail Banking and Financial Services
- Global Investment Management and Services
- Corporate and Investment Banking
In May of 2014 Société Générale acquired the derivatives broker Newedge from Crédit Agricole. SocGen had a 50 percent stake in Newedge and bought the remaining 50 percent held by Crédit Agricole. SocGen said the full acquisition of Newedge would allow it to offer its customers trading and clearing services for both listed and over-the-counter products globally. Newedge was created in 2008 from a merger of Société Générale’s Fimat unit and the futures brokerage arm of Calyon. 
In February 2015 Société Générale Prime Services acquired a minority stake in Global Markets Exchange Group International (GMEX Group) and said it planned to provide execution and clearing services on the exchange.
- Frédéric Oudéa, Chairman and Chief Executive Officer
- Diony Lebot, Deputy Chief Executive Officer
- Séverin Cabannes, Deputy CEO
- Philippe Aymerich, Deputy CEO
- Philippe Heim, Deputy Chief Executive Officer
- Caroline Guillaumin, Head of Group Communication
- Didier Hauguel, International Retail Banking, Russia
In January of 2008, a single futures trader at SocGen, Jérôme Kerviel, placed more than $70 billion in unauthorized derivatives trades, leaving the bank with a $7.2 billion loss, the largest ever by a rogue trader. 
SocGen released its first quarter report on May 13, 2008 showing a profit decline of 23.4 percent compared to the first quarter of 2007. The bank had earlier posted a €513 million loss on the US subprime mortgage market and had posted Kerviel's actual losses in the first quarter of '08 back to the fourth quarter of '07. SocGen executives have also proposed a buyback of 10 percent of the group's shares, to be decided at the 2008 AGM in late May.
On September 15 2008, Lehman Brothers filed for bankruptcy following the so-called subprime crisis. Although affected by the Kerviel affair, Societe Generale survived the storm. It was granted a loan by the French Government in December 2008, which it repaid in full less than a year later.
On 23 September 2016, the court ordered Kerviel to pay €1 million in damages to SocGen for the crimes committed. Kerviel has lodged several complaints against SocGen that are under investigation, in response to which Societe Generale has also filed suits to challenge the allegations, and a case is still ongoing relating to labor law. Jérôme Kerviel has also requested a review of his criminal trial.
- Our History. Societe Generale.
- Societe Generale Quarterly Balance Sheet. Reuters.
- Societe Generale Group. BusinessWeek.
- Breteau to leave Newedge in shake-up. The Financial Times.
- SOCIETE GENERALE FINALISES THE ACQUISITION OF NEWEDGE. Societe Generale.
- Societe Generale News. The New York Times.
- Société Générale profit falls; Crédit Agricole seeks capital. International Herald Tribune.
- ibid.. BusinessWeek.
- Over the Years. Societe Generale.