On the day French bank Société Générale closes its â¬5.5bn emergency rights issue to shareholders its share price showed reassuring signs of recovery - just over a month after the announcement of a â¬4.9bn trading scandal. At the same time, shares in rival French banks were down 12%.
SG's share price stood at â¬71.43 at 11:39 GMT today, having closed at â¬70.96 on January 24, when the trading loss incurred by rogue trader Jérôme Kerviel was announced. The share price reached a low of â¬66.51 on January 28.
