It seems as if banks cannot get out of the news. First, there is the ongoing financial meltdown, which involves banks and bank groups as culprits in packaging and selling asset-backed securities and otherwise making imprudent credit decisions. Now ther ...

The French bank, Société Générale, recently incurred a loss of approximately $7 billion at the hands of a relatively low level trader, Jérôme Kerviel. The loss apparently came about not through complex fraud, bu ...