SocGen probing 'anomalies'

By DAILY MAIL REPORTER
Updated: 16:04 EST, 2 April 2010

Societe Generale, famed for its former rogue trader Jerome Kerviel who racked up £4.4bn of losses, is investigating 'anomalies' found in a client account in Singapore.

The French bank is looking into the operations of one of its private bankers who deals with wealthy clients. It said it discovered the anomalies in February and immediately told clients who may be affected.

It gave no further details, except to say 'an audit is under way' and that it is trying to resolve the situation as soon as possible.

Profitability at SocGen has been recovering following the Kerviel scandal, after which it tightened up its procedures and processes.