EADS' shares rose by as much as 7% on its first half profits announcement Tuesday after the firm hiked cash forecasts. Its two biggest shareholders, Daimler and Lagardere, also announced they had been provisionally cleared of insider trading.
Frederic Oudea, 46, is the new chief executive of Societe Generale, the French bank rocked by a mammoth trading scandal last year. He was appointed a week after former chairman Daniel Bouton resigned.
Alleged rogue trader Jérôme Kerviel faced probably his last hearing Thursday in a year-long investigation into the trading scandal that left French bank Société Générale with 4.9 billion euros in losses. Kerviel said he had "a lot more to say".
Eight people working for Swiss bank USB and JP Morgan Cazenove were arrested Tuesday in London and south east England as part of a major inquiry into insider dealing.
Société Générale, the French bank hit by a massive rogue trading scandal, said CEO Daniel Bouton would step down, to be replaced by Frederic Oudea. Bouton, however, will retain his position as the bank's chairman.
Chief executive Tom Enders denied allegations of insider trading at the European plane manufacturer, calling a French probe incompetent, biased and unfair.
