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I have no doubt at all that many readers will read that article title, snort, say "no", and move on with their day. And that's certainly understandable - while Societe Generale (OTCPK:SCGLY) may not be the European bank most damaged by the Great Recession, credit crunch, and resulting European sovereign debt crisis, they certainly did their best (or worst) to be in the running.

Societe Generale has emerged from this mess as a different bank, though, and the company has gone to great lengths to improve its balance sheet and capital position. Perhaps the question to ask with Societe Generale isn't so much about whether it can be a top-tier bank again (if it ever was), but rather...

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