SocGen Appoints Sylvain Cartier, Alexandre Fleury As Co-Heads Of Global Markets Activities
9 days ago
Temenos To Accelerate Modernization Of Societe Generale's Transaction Banking Platform In Europe And Asia
10 days ago
Société Générale And Trustpair Join Forces To Help Companies Fight Money Transfer Fraud
About Societe Generale SA
Societe Generale SA is a France-based financial services group. The Group offers a wide range of advisory services and tailored financial solutions to secure transactions, protect and manage assets and savings, and help its clients finance their projects. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services and Global Banking and Investor Solutions. French Retail Banking includes the domestic networks Societe Generale, Credit du Nord and Boursorama. International Retail Banking & Financial Services consists of International Retail Banking (consumer finance activities), Financial Services to Corporates (operational vehicle leasing and fleet management, equipment and vendor finance) and Insurance Activities. Global Banking and Investor Solutions comprises Global Markets and Investors Services, Financing and Advisory, Asset and Wealth Management. The Group is active globally.
The Swedish fund EQT has offered 1.8 billion euros ($2.2 billion) to buy Telefonica's submarine cable business, Spanish website El Confidencial reported on Tuesday, citing unidentified sources close to the operation.
Italian energy group Edison, owned by France's EDF, is gearing up to sell a stake of up to 40% in its renewable energy generation arm as it seeks to capitalise on investor appetite for green assets, four sources familiar with the matter said.
Spanish infrastructure group ACS has hired French investment bank Societe Generale to advise it on its up to 10 billion euro ($11.98 billion) offer for Autostrade per L'Italia, two sources with knowledge of the matter said on Wednesday.
Societe Generale is in exclusive talks to sell most of asset manager Lyxor to Amundi for 825 million euros ($979 million) and complete the French bank's corporate restructuring while boosting Amundi's market share.
Societe Generale said the dismissal of Turkey's central bank governor Naci Agbal had left the country "beyond the point of no return" and predicted the lira to weaken to 9.70 against the U.S. Dollar by end of the second quarter.
Societe Generale said on Wednesday it expected no change in the Turkish Central Bank's policy rates in the first half of this year, with a 100 basis point cut seen in the third quarter and an additional 100 point cut in the fourth quarter.
France's Societe Generale posted a drop in equity and fixed-income trading revenues in the fourth quarter, the bank reported on Wednesday, out of step with many rivals who profited from volatility during the COVID-19 pandemic.
Foreign investors were net sellers of most Asian equities in 2020, deterred by the economic slowdown due to the COVID-19 pandemic, although the flows turned positive in the fourth quarter on hopes of a recovery and vaccine optimism.
Societe Generale and Credit du Nord have approved a plan to merge their retail banking operations after the boards of both French institutions met separately over the weekend, Les Echos reported on Sunday.
Spanish telecom firm Telefonica has hired Societe Generale and Greenhill to sell the submarine cable business of its infrastructure unit Telxius as part of its wider divestment plan, Cinco Dias newspaper reported on Monday.
U.S. Treasury yields fell on Thursday as the prospect of a weak fourth economic quarter overcame optimism that vaccines against COVID-19 are close to being rolled out and could return the economy to normal. "The focus has shifted away from exuberance on vaccines to the rising...
French bank Societe Generale <SOGN.PA> swung back to profit in the third quarter, helped by a recovery in its markets business, giving a boost to chief executive Frederic Oudea who was under pressure after sharp trading losses earlier in the year.
Frederic Oudea promised Societe Generale investors "growth with lower risk" after he became chief executive in 2008, the year a rogue trader lost billions in equity derivatives and brought the French bank close to collapse.
Societe Generale is gearing up to launch the sale of its asset management arm Lyxor as the French lender seeks to shore up its finances after two consecutive quarterly losses, two sources familiar with the matter told Reuters.
Societe Generale <SOGN.PA> is gearing up to launch the sale of its asset management arm Lyxor as the French lender seeks to shore up its finances after two consecutive quarterly losses, two sources familiar with the matter told Reuters.
A French former Societe Generale executive accused by federal prosecutors of taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate should be allowed to challenge the charges without coming to the United States, her attorney told a federal...
Societe Generale reported a 1.26 billion euros ($1.5 billion) second-quarter loss, as it booked a writedown on the value of its trading business and increased provisions for loans that could turn sour because of the COVID-19 pandemic.
Societe Generale will adapt its business to the conditions created by the coronavirus crisis and to ensure it changes the market view on the French bank's financial path, its Chief Executive Frederic Oudea said.
France's Societe Generale said it was committed to guaranteeing the salaries of its 140,000 staff around the world during the coronavirus crisis and that it would not require any assistance from the state.
French investment bank Societe Generale SA's Australian securities arm has been charged with criminal offences for allegedly failing to separate its clients' money from its own, Australia's corporate regulator said on Wednesday.
a year ago
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