February 27, 2014
Subsidiaries of French banking giant Societe Generale will pay $122 million to settle claims that they sold toxic mortgage-backed securities to Fannie Mae and Freddie Mac, the Federal Housing Finance Agency said Thursday.
November 28, 2012
A New York federal judge on Tuesday denied a bid by Societe Generale SA unit and two other financial giants to toss a Federal Housing Finance Agency suit over nearly $1.3 billion in allegedly toxic mortgage-backed securities, ruling the agency had backed its misrepresentation claims.