SocGen
SocGen lifts targets after French retail rebounds sharply
The bank now expects its cost-to-income ratio, a key efficiency indicator, at below 65% this year, versus a previous target of below 66%
SocGen doubles Q4 profit as retail unit rebounds
Revenue in SocGen’s large investment banking operations represent close to two-thirds of group earnings
Societe Generale on sales hiring push in Tokyo amid bond market revival
SOCIETE Generale has hired four senior salesmen in Japan as it seeks to capitalise on the country’s invigorated bond market along with local banks’ appetite for higher-yielding investments.
SocGen sells private banking units in push to slim down bank
SOCIETE Generale (SocGen) has agreed to sell its wealth management units in the United Kingdom and Switzerland to Union Bancaire Privee as chief executive officer Slawomir Krupa makes progress on his ...
SocGen Q1 profit slumps less than expected as investment bank surprises
French bank Societe Generale’s net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading.
French bank SocGen to cut about 900 jobs at Paris head office
Société Générale plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday (Feb 5), adding to a wave of job losses in the gl...
SocGen to sell stakes in Russian holdings to Potanin’s Rosbank
SOCIETE Generale (SocGen) can complete its exit from Russia by selling stakes in some of the country’s largest companies worth an estimated US$75 million to its former local unit, Rosbank PJSC, which ...
SocGen weighs sale of German unit in bid to boost returns
SOCIETE Generale is exploring a sale of its German consumer finance business as part of chief executive officer Slawomir Krupa’s plans to boost the French bank’s valuation by getting rid of non-core b...
SocGen beats Q2 estimates on cost control, car leasing unit
SOCIETE Generale, France’s third-biggest listed bank, reported better-than-expected quarterly earnings on Thursday, as cost management and a strong growth of its car leasing division alleviated a stee...
SocGen beats estimates as bond trading offsets retail banking slump
French bank Societe Generale posted better than expected quarterly earnings on Friday (May 12) after turmoil in bond and currency markets boosted its trading business.
