BUSINESS BRIEFING / BANKING
TIMES WIRE REPORTS
Societe Generale Chairman Daniel Bouton said he would resign from the French bank, saying repeated attacks on him threatened the bank’s health.
Bouton was Societe Generale’s chief executive in January 2008 when the bank announced one of the world’s largest trading scandals, which caused a massive loss. He stepped down as CEO last May but had remained as chairman. He will leave the bank at its annual meeting May 6.
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