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.
The London gold fix, the benchmark used by miners, jewellers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
Reuters reports that Goldman Sachs has promoted from within and named Mark Sorrell, 37, and Anthony Gutman, 36, to become heads of UK investment banking in succession to Julian Metherell, who recently left the firm to go work at former BP CEO Tony Hayward's planned $1.6bn global energy fund.
Jerome Kerviel has apologized to Societe Generale employees and said he 'never lied' during the investigation into the bank’s $6.1bn trading loss, as his lawyers asked a Paris court to clear him of any wrongdoing on the final day of his hearing.
Here's a few interesting links to some Bloomberg, CNBC, New York Post and Reuters stories currently doing the rounds.
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.
Frederic Oudea, chief executive officer of Societe Generale SA, says the start of 2012 is better than expected due to the European Central Bank's long-term refinancing operations.
Societe Generale Private Banking has announced two new appointments in the UK and Luxembourg.
Societe Generale Private Banking (SGPB) has made the following appointments, effective from 1st January 2013: