CEO of Société Générale, Frédéric Oudéa has pledged the group's Russian business will be among the main drivers of growth in profits in the next three years.
Societe Generale's primary business is private banking, global investment management and services, and corporate & investment banking.
Societe Generale has appealed against the $613.4m fine it paid last year for manipulating benchmark interest rates, saying regulators had miscalculated it.
French bank Societe Generale reported a 13.3 percent drop in first-quarter net income as it booked a 525 million euro ($731 million) writedown on its Russian business as turmoil in Ukraine persists.
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale to observe the so-called London fixing process, two people with knowledge of the matter said.
The Libyan Investment Authority has accused Societe Generale of funnelling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi, the Financial Times reported late Sunday.
Societe Generale had turned the page on Jerome Kerviel’s record trading fraud. Until yesterday.
Jerome Kerviel, the former Societe Generale trader who brought the bank to the brink of collapse in 2008 by placing bets worth $69.5 billion has been sentenced to at least three years in jail but will shed the title of 'most indebted man on earth' after six years of legal battles.
Societe Generale will seek shareholder permission to pay bonuses amounting to twice bankers’ salaries after the European Union imposed caps on variable compensation.
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up.
Jerome Kerviel’s quixotic quest for redemption has won him at least one convert.
Commerzbank will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge of the matter said.
Societe Generale Corporate & Investment Banking strengthens its Cash Equity Asia coverage with the appointment of Craig Harvey as London-based Sales Trader, responsible for the Pan-Asian sales trading activity in Europe.
As part of Societe Generale Corporate & Investment Banking’s ambition to strengthen its structured products distribution platform the bank has announced the appointment of Luis Muñoz to the newly created role of Head of Distribution for Iberia within the Cross Asset Solutions business.
As part of Societe Generale Corporate & Investment Banking’s ambition to strengthen its loan distribution platform the bank has announced the appointment of Richard Hill to the newly created role of Head of Loan Sales and Trading, EMEA.
Societe Generale Corporate & Investment Banking has announced the appointment of Inès de Dinechin as Chief Executive Officer of Lyxor Asset Management.
Societe Generale is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
Morgan Stanley now has new critic: the Chinese government.
Here's one firm that's said to be limiting its voluntary severance plan - after receiving too many requests from employees.
Here's a few links to some interesting Bloomberg, New York Daily News, New York Post and Reuters stories that are currently doing the rounds.