Societe Generale

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’s crypto arm SG-FORGE says the new digital currency, named “USD CoinVertible”, will be issued on both the Ethereum and Solana blockchains, with public trading expected to start in July.

Societe Generale becomes first major bank to launch dollar-pegged stablecoin

SocGen said its stablecoins are classed as e-money tokens and will be regulated under MiCA, the European Union’s landmark crypto regulation

SocGen has planned a higher-than-expected share buyback programme of 872 million euros, although its dividend, at 1.09 euros per share, was slightly below expectations.

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’s hiring in Japan comes after it cut hundreds of jobs at its Paris headquarters and sold units.

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.

Gold has surged almost 30 per cent this year to a record high on Sep 26.

Gold and coffee boost September hedge fund returns: Societe Generale

GOLD and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday (Oct 8), thanks to record commodities prices, rising equities an...

French President Emmanuel Macron called for a snap legislative election after the defeat in the EU votes.

Euro, French stocks hit by shock Macron call for snap election

THE euro fell broadly, while French bonds and stocks were hit hard on Monday (Jun 10), following French President Emmanuel Macron’s decision to call a snap parliamentary election after being trounced ...

Barclays’ interest in SocGen’s British private bank comes on the heels of its acquisition of Tesco’s banking operations, as part of efforts to diversify away from volatile investment banking income.

Barclays among parties eyeing SocGen's UK private bank

Barclays is in the early stages of considering a bid for Societe Generale’s UK private bank, in an effort to expand its business targeting wealthy individuals, three people familiar with the matter to...

Deutsche Pfandbriefbank, the specialised lender at the center of contagion worries, continues its decline as analysts at Barclays argue the German bank has set aside relatively small provisions.

Europe’s banks under microscope with property worries swirling

Europe’s lenders remained in the focus of investors on Thursday (Feb 8) as analysts assessed the risk of contagion from the troubles in commercial real estate markets.

SocGen has struggled recently, with its shares lagging rivals and analysts questioning its low profitability and reliance on volatile investment bank earnings.

SocGen’s Q4 earnings slide but retail bank helps it beat forecasts

FRENCH bank Societe Generale (SocGen) reported a sharp drop in fourth-quarter net income on Thursday (Feb 8), although the lender beat analyst expectations thanks to signs of recovery in its domestic ...