Société Générale

Founded in 1864, Société Générale (SocGen) is one of France’s largest banks—and has been so for most of the 20th and, now, 21st centuries. During its 150+ years of life, the bank has expanded globally, made significant acquisitions, and widened its range of services. After surviving World War I, the Great Depression of the 1930s, and World War II, SocGen was nationalized in 1945. Its expansion during the postwar period was the result of healthy economic growth and development, European financial deregulation in the 1960s and 1980s, and advances in information technology (IT). In 1987, 42 years after it was nationalized, SocGen was privatized. In terms of business ethics, SocGen is most prominent because of a financial scandal in 2008, which was perpetrated by ...

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