Like all banks Soc Gen is never straight to the point (there is allways the danger straight speaking could leave you responsible for something) but this is a classic example of 1984 style "newspeak"
Societe Generale has uncovered a fraud by one of its traders which will have a 4.9-billion-euro (3.7 billion pound) negative impact on the group, France's second-largest listed bank said on Thursday.
Its a LOSS you muppets! and somebody wasnt doing the job they are no doubt well paid to do "Keeping an eye on the wide boy traders"! Now what was the name of that other bank whose security dept let their eye stay on their personal bonus's rather than the traders? ahh got it Baring Bros
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