Société Générale has launched an
internal audit mission to investigate anomalies in an account
overseen by one of its private bankers in Singapore.

The audit came after it reported the
irregularities to the Monetary Authority of Singapore, the city
state’s central bank.

France’s second-largest bank discovered the
irregularities in February and said it had immediately informed
other clients whose accounts were overseen by the private banker,
understood to be a client relationship manager.

The bank said there have been no other
developments since early April. The bank could not give a date when
its internal investigation would conclude.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData