SocGen shares hammered on derivatives concerns

[ASusilovic]

Shares in Société Générale took a beating on Friday over rumours that derivatives positions in trouble:

http://ftalphaville.ft.com/blog/2010/06/04/252201/socgen-shares-hammered-on-derivatives-concerns/

 

[Cdntrader]

fts blown out. Euro ugly.


They must hold derivatives on Hungary.

 

[ASusilovic]

Update (1250 UK time): With, its stock down 5.3 per cent at pixel time, SocGen’s spokeswoman commented, via Reuters:

RTRS-SOCIETE GENERALE ON DERIVATIVES RUMOUR – “IF WE HAD SOMETHING TO SAY WE WOULD HAVE SAID IT”