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Chairman of Societe General calls it a day

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Chairman of Societe General calls it a day

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The Chairman of Societe Generale is to step down. Daniel Bouton, Chairman of France’s third largest bank says his decision comes after repeated personal attacks, which risk hurting him as well as the bank.

He already stepped down as CEO a year ago, but remained Chairman. His leadership came into question following a trading loss of nearly five billion euros in January last year, which the bank blamed on unauthorised bets by Jerome Kerviel.