European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
Browsing Tag
Société Générale
HSBC faces €31.7m penalty after EU court decision
HSBC has lost its challenge against a 31.7 million euro ($33.4 million) fine imposed by the European Union (EU) for…
Afreximbank inks €113mn deal for Vista’s acquisition of Societe Generale subsidiaries in 4…
The African Export–Import Bank (Afreximbank) has signed on Saturday a €113 million term sheet agreement with Vista…
Here’s how another coronavirus epidemic affected China’s economy around 20 years ago
The new coronavirus — believed to have first emerged in the Chinese city of Wuhan — is often compared to SARS,…
SocGen leaves the door open for further acquisitions
French lender Societe Generale could make further acquisitions in the coming years as part of its transformation…
SocGen chief urges regulators to help strengthen Europe’s banks
Societe Generale’s chief said banking space in Europe should follow in the footsteps of the U.S.’s, calling on…
European bourses end lower on earnings; SocGen down 4%
European stock markets closed lower Wednesday, as investors monitored mixed earnings reports. The pan-European…
SocGen posts 28% profit fall but sees growth in Africa, Russia
Continued pain at Societe Generale's domestic retail division and a fall in the profitability of its global banking…
European stocks lower as oil and bank shares are dragged down
Stock markets in Europe ebbed lower on Wednesday, as energy shares pulled back alongside a drop in oil prices,…
SocGen negotiating to sell 49% stake in Fortune SG
Société Générale SA (GLE.FR, SCGLY) is in talks to sell its 49% stake in China-based mutual fund business Fortune…
Europe stocks close marginally higher as banks find relief
Europe’s main stock benchmark eked out a small gain on Wednesday, as a rally in bank shares offset double-digit…
European stocks inch lower as earnings, oil weigh; HSBC, SocGen rally
European stocks traded slightly lower Wednesday but banking stocks backed by results from HSBC and Societe…
Crédit Agricole, SocGen profit surge on stake sales
French banks Crédit Agricole SA and Société Générale SA reported Wednesday a bigger-than-expected jump in…
SocGen wins advisory mandate for Egypt’s Tahrir Petrochemical Complex
Societe Generale and Tahrir Petrochemicals Corporation S.A.E, owned by private Egyptian firm Carbon Holdings…
European bourses rally as euro falls, bank shares gain
European stock markets rallied Tuesday, staging a turnaround as financial shares advanced sharply and the euro lost…
SocGen to cut 2,000 jobs by 2020 as part of branch closures
Societe Generale SA said it plans to cut 2,000 jobs, or 7 percent of the workforce, at its main French retail unit…
SocGen to close 400 French bank branches: report
France's third-largest listed bank in terms of assets Societe Generale (GLE.FR) intends to close down as many as…
Société Générale profit soars 25%
Société Générale SA said Wednesday second-quarter net profit jumped 25%, lifted by the performance of its large…
SocGen’s Bache deal signals Commodity Woes
Société Générale SA is picking apart Bache--a commodities house and the last link to a historic Wall Street…
Shell signs $15.3 billion Bridge Loan
Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of…
SocGen expects European Stocks beating U.S. in 2015
Stick a fork in it, U.S. stocks are done. That is a mantra that has gained traction among pundits as the market…
H&M Sales
H&M, the world's second-largest fashion retailer, has posted a 15% rise in February sales in local currency…
Citigroup gets Bids from Emirates NBD, Mashreq in Egypt
Emirates NBD PJSC (EMIRATES) and Mashreqbank PSC (MASQ), two Dubai-based lenders, are among bidders for Citigroup…
AAIB eyes Takeover of Nova Scotia Bank’s Credit Portfolio in Egypt
Arab African International Bank (AAIB) plans to take over Canadian Bank of Nova Scotia's product portfolios,…
European Shares Fall as Ukraine Crisis Hits Local Earnings
European stocks fell at the open on Wednesday, hit by heavy losses on Wall Street and as results from local blue…
Scotiabank Mulls Egypt Market Exit – Sources
Bank of Nova Scotia – Scotiabank is considering to end its banking activities in Egypt’s market, high-profile…
SocGen Resurgent in Gulf as Bank Seeks Growth After Crisis
Societe Generale SA (GLE), France’s second-largest bank, is seeking to boost lending in the Middle East as part of…
SocGen Holds Newedge Talks With Agricole as Profits Miss
Societe Generale SA and Credit Agricole SA (ACA), two of France’s biggest banks, reported earnings that…
HSBC Said to Reject Euribor Probe Deal as EU Readies Fine
HSBC Holdings Plc (HSBA) dropped out of talks to settle a European Union antitrust probe into rigging of Euribor…
European Stocks Decline Ahead of U.S. Confidence Report
European stocks declined before a report on U.S. consumer sentiment, amid concern that budget wrangling in…
Societe Generale Said To Explore Sale Of Asia Private Bank
Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people…
Socgen Plans $300 mln Sukuk Program in Malaysia – Sources
Societe Generale (SOGN.PA: Quote) will launch a 1 billion ringgit ($300 million) Islamic bond program in…
SocGen Profit More Than Doubles on Investment Bank
Societe Generale SA, France’s second-largest bank, said second-quarter profit more than doubled, beating…
Telecom Italia Is Said to Plan $13 Billion Network Spending
Telecom Italia SpA (TIT) is planning 10 billion euros ($13 billion) in fiber-optic investments for its…
Kuwait’s Burgan Bank Looks To Egypt For Potential Acquisitions
Kuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is…
Barclays Plans To Expand In Egypt As French Banks Retreat
Barclays Plc (BARC) plans to add branches in Egypt this year as Britain’s second-biggest bank by assets seeks to…
Abraaj Capital Said To Plan Spinneys Stake Sale
Abraaj Capital Ltd, the Dubai-based buyout firm with over $7 billion of assets under management, plans to sell its…
Gulf Banks Replace Europeans As Middle East Buyers, S&P Says
Gulf banks will remain big buyers of financial assets in the Middle East and North Africa, attracted by lower…
QNB Sees Egyptian Central Bank’s Approval For SocGen Takeover In Two Weeks
Qatar National Bank, the Gulf state's largest lender by market value, said on Wednesday it hopes to complete the…
QNB Requests CBE’s Approval To Acquire NSGB
National Societe Generale Bank – (NSGB) announced that Qatar National Bank's (QNB) submitted a request to Central…