Michel Sapin , deputy minister of finance , has confirmed that a decision will be made " within hours " on whether Societe Generale ’s $ 500 tax deduction to subsidise losses made by president ben Kerviel will be reclaimed . Analysts have warned however that a withdrawal of the governmental aid would put the bank ’s dividend at risk as well as affect its capital adequacy ratios .
Michel Sapin, Frances Minister of Finance, has confirmed that a decision will be made "within days" on whether Societe Generale’s $2.44bn tax deduction to subsidise losses made by trader Jerome Kerviel will be reclaimed. Analysts have warned however that a reclaim of the governmental aid would put the bank’s dividend at risk as well as affect its capital adequacy ratios.