Societe Generale chairman Daniel Bouton has vowed to stay on as head of the scandal-hit French bank.
Mr Bouton is quoted in an interview with French newspaper Les Echos that his offer to resign was 'no longer on the table'.
'I offered my resignation on two occasions,' he said.
'The board refused it two times…My resignation is no longer on the table. I'm staying, I'm steering, I'm driving. There should be no doubt about that.'
The bank is trying to deal with a massive €4.9 billion loss that they have attributed to unauthorised deals by a rogue trader.
Jerome Kerviel, 31, is under investigation on charges of breach of trust, fabricating documents and illegally accessing computers in connection with the scandal.
