Collas of SocGen Says 'Bulk' of Subprime Writedowns Done

Philippe Collas, deputy chief executive officer of Societe Generale, talks with Bloomberg's Nina de Roy about the outlook for further subprime writedowns, the bank's $8.5 billion rights offer and the Newedge futures brokerage venture with Credit Agricole SA. JPMorgan Chase & Co. analysts today said France's second-largest bank may still need to mark down 1.9 billion euros ($3 billion). They speak at the Europlace conference in Paris. (Source: Bloomberg)

Bloomberg | July 2, 2008

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