The parameters for poverty are usually defined by the lack of a roof over one’s head and the inability to afford three meals a day. The mantle of the poorest man on earth has been given to French citizen Jerome Kerviel. This is the highest amount of debt any individual owes to third parties and hence Jerome is often called …
Société Générale SA’s vehicle-leasing business, ALD SA, agreed to acquire rival LeasePlan Corporation NV in a cash-and-share deal worth 4.9 billion euros, equivalent to $5.54 billion, the French bank said Thursday. Chief Executive Frédéric Oudéa said the new unit would eventually become a third pillar alongside the bank’s retail-banking and insurance business lines, as well as its corporate and investment …
