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SEC announces whisteblower award of more than $325,000

The Securities and Exchange Commission has announced a whistleblower award totalling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.

Frederic Oudea

SocGen delivers 'solid results'

French bank Societe Generale enjoyed the benefits of a sharp increase in its retail banking business and what its chief saw as a "moderate" improvement in economies as it recorded a 27 percent increase in third-quarter group net profit to 1.126 billion euros ($1.2 billion).