French bank Societe Generale SA on Monday said it will bail out its only structured investment vehicle. France's second-largest bank by market value is the latest global bank to take SIV's onto its own balance sheet.
HSBC Holdings PLC and Standard Chartered PLC are among a group banking companies that have taken some of these vehicles onto their own balance sheet. In the U.S., Bank of America Corp., Citigroup Inc., and J.P. Morgan Chase & Co. said they would set up a SIV superfund that would buy struggling SIVs' assets.
