Bank Board Sup­ports CEO

The Washington Post - - Internatio­nal -

So­ci­ete Gen­erale’s chief ex­ec­u­tive Daniel Bou­ton, right, is keep­ing his job, fac­ing down for now mount­ing pres­sure for his res­ig­na­tion over a trad­ing scan­dal that cost the bank $7.09 bil­lion.

The board re­buffed calls by French Pres­i­dent Ni­co­las Sarkozy for top ex­ec­u­tives to face the con­se­quences of the huge losses that re­sulted from unau­tho­rized trad­ing.

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