Shares of French bank Societe Generale have badly lagged peers in recent years, not helped by very weak earnings in 2023. Recent woes have been driven in large part by its domestic retail banking busi

Societe Generale: Disposals In The Right Direction

04:29am, Wednesday, 17'th Apr 2024
Societe Generale: Disposals In The Right Direction
Societe Generale , France's third-biggest listed bank, and U.S. asset manager AllianceBernstein officially launched their joint venture in the cash equities and equity research businesses, the two com
Societe Generale delivered a paltry 1.7% RoTE in Q4 (2023: 4.2%). 2024 RoTE outlook is set at over 6%. The weak 2023 performance was largely due to lackluster results in the French Retail, Private Ban
French bank Societe Generale will announce 900 job cuts in France on Monday, daily Les Echos reported on Saturday. Jobs will be cut at the La Defense headquarters near Paris and in the IT department,
The three co-founders of AllianceBernstein's Autonomous research unit have quit, ahead of the U.S. investment firm merging its equities business with French bank Societe Generale.
Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa's effort to rein in costs, Bloomberg News reported on Friday.

Societe Generale Could Be A Value Trap

05:44pm, Thursday, 30'th Nov 2023
Societe Generale offers a high-dividend yield and low valuation, but weak fundamentals and poor earnings momentum justify its low price. The bank's recent earnings and strategic update showed a declin
IG North America CEO JJ Kinahan and Subadra Rajappa, Societe Generale head of U.S. rate strategy, join 'Squawk Box' to discuss the latest market trends, upcoming retail earnings, and more.
Société Générale investors were not pleased with the company's growth targets. Here at the Lab, we positively view the new CEO's intention to reset expectations, but we believe the company's objec
The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge
Societe Generale unveils a 9-10% RoTE target for 2026 at its Investor Day, some 2.5% lower than peers. The new 40-50% payout ratio is set to be based on reported rather than underlying numbers from 20
Societe Generale said it will try to close its gender pay gap by spending 100 million euros ($107 million) to boost remuneration of the French bank's female employees over the next two years.
Societe Generale's much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.
Societe Generale was a high profile casualty among an eclectic batch of European stocks taking a battering at the start of the week as broader sentiment was hit by rising oil prices and bond yields.
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