French bank SocGen agrees with US to pay $1 billion in penalties over bribery, manipulation
France’s second-biggest bank Societe Generale has agreed with the US to pay penalties exceeding $1 billion to settle allegations it bribed officials in Libya, and manipulated the Libor interest rate benchmark.In a statement issued by the US Department of Justice on Monday, French bank Societe Generale (SocGen) and one of its subsidiaries agreed to pay …
