Claim from SocGen's global markets division
When tax reform 'sugar rush' wears off
Similar to June 2007
Warning of consumer credit bubble
Financial crash 'inevitable'
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The government has been told it can sue French banking giant Societe Generale for allegedly mis-selling financial products to Northern Rock that were partly to blame for UK lender's collapse.
The European Commission has collectively fined 6 international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.