|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||28.81 - 29.45|
|52 Week Range||28.81 - 47.51|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||8.10|
|Earnings Date||Feb 7, 2019|
|Forward Dividend & Yield||2.20 (7.37%)|
|1y Target Est||44.12|
Name of issuer: Société Générale S.A. - French public limited company ("SA") with a share capital of 1,009,897,173.75 euros Registered ...
China’s Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke by phone Tuesday morning Beijing time, according to a statement from China’s Ministry of Commerce. At a time when the status of a deal brokered between the two sides in Buenos Aires this month was already in doubt, the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou -- linked to potential sanctions violations -- had threatened to torpedo the progress made.
U.K. markets were pummeled after Prime Minister Theresa May made an abrupt U-turn to delay the parliament’s vote on her Brexit divorce deal, sparking concerns that the country could exit the European Union without a deal. Domestic shares also fell after May failed to set a date for the vote and vowed to step up preparations for a no-deal scenario.
Société Générale, the French bank, will open a legal entity in Paris by the end of the year for EU customers to clear their derivatives trades, amid uncertainty over the legal status of the contracts after the UK leaves the bloc next March. SocGen, one of the biggest middleman in derivatives markets, currently books clients’ futures and swaps via London. It will keep its UK operations, but set up a parallel unit so customers can choose to use either hub.
PARIS/LONDON (Reuters) - Societe Generale (SOGN.PA) is opening a Paris hub this month to clear derivatives in the European Union in the latest sign of euro business moving from Britain to the bloc ahead of Brexit. The French bank said the new unit would join several clearing houses, including the London Stock Exchange's (LSE.L) LCH SA in Paris and Deutsche Boerse's (DB1Gn.DE) Eurex Clearing in Frankfurt.
PARIS/LONDON Dec 10 (Reuters) - Societe Generale is opening a Paris hub this month to clear derivatives in the European Union in the latest sign of euro business moving from Britain to the bloc ahead of Brexit. The French bank said the new unit would join several clearing houses, including the London Stock Exchange's LCH SA in Paris and Deutsche Boerse's Eurex Clearing in Frankfurt.
Nonfarm payrolls rose 198,000, according to the median of estimates in Bloomberg’s survey of economists before the Labor Department releases its monthly employment report Friday at 8:30 a.m. in Washington. Economists also project average hourly earnings will post a solid 3.1 percent gain from a year earlier. Such a pace would match October’s increase, which was the fastest since 2009.
The recent wave of violent protests in France has triggered questions from investors but the impact on prices of French government bonds has been modest, said Societe Generale strategists.
European Union finance ministers struck a deal on a major reform of banking rules on Tuesday, addressing some of the loopholes exposed by the global financial crisis. The overhaul, proposed by the European Commission in November 2016, sets the level of buffers banks must raise to absorb losses and introduces new capital requirements to strengthen financial stability.
Russian President Vladimir Putin announced the extension after a meeting Saturday on the sidelines of the Group of 20 with Saudi Arabian Crown Prince Mohammed bin Salman. The comments open the door for a deal at the OPEC meeting next week in Vienna. OPEC delegates said the leaders have given their political blessing for an agreement, but plenty of work is left, including on the size of any potential output cut.
The spread between 3-year and 5-year Treasury yields shrank to less than 0.1 basis point on Friday, the smallest gap in more than a decade. It may turn negative by the end of the day, BMO Capital Markets says, as investors anticipate the end of the central bank’s tightening path. Treasury curve flattening over the past two years is stoking concern that rising interest rates, against a backdrop of slowing global growth, could harm the U.S. economy.
Frédéric Oudéa became the CEO of Société Générale Société anonyme (EPA:GLE) in 2008. This analysis aims first to contrast CEO compensation with other large companies. Then we’ll look at a Read More...
Moody's Investors Service ("Moody's") has today upgraded the long-term deposit ratings of three Czech banks and changed the outlooks on these to stable from positive. The rating action was prompted by the rating agency's change of its Macro Profile for Czech Republic to "Strong" from "Strong-", driven by the improvement in Czech banks' operating environment, in particular the country's economic strength. The strengthening of the Macro Profile has led Moody's to review all of its rated Czech banks' financial factors and standalone credit profiles, thereby also taking into account continued progress in several banks' performance and financial fundamentals which is reflected in today's rating actions.
PARIS/WASHINGTON (Reuters) - French banking giant Societe Generale (SOGN.PA) on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes. The bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries, the bank and the U.S. authorities said in separate statements. Additionally, the bank said it agreed to pay $95 million to settle another dispute over violations of anti-money laundering regulations.
SA pointed to its cooperation with authorities and enhancements to its corporate compliance programs Monday as reasons the bank received settlements over allegations it had violated U.S. sanctions law. The bank agreed to pay $1.34 billion to U.S. federal and state authorities to settle the probe. The settlements included deferred-prosecution agreements with the U.S. Justice Department and the Manhattan district attorney’s office, and consent orders and civil agreements with a number of regulators.
SA agreed to pay $1.34 billion in penalties to settle allegations by U.S. and New York state authorities that the bank had processed and concealed billions of dollars in transactions related to countries under sanctions. New York regulators said Société Générale conducted transactions involving parties in Iran, Cuba, and Sudan between 2003 and 2013. Federal prosecutors, meanwhile, said the bank engaged in more than 2,500 transactions valued at about $13 billion from 2004 to 2010.
PARIS/WASHINGTON (Reuters) - French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes. The bank agreed to pay $1.34 billion to settle investigations into its handling dollar transactions in violation of U.S. sanctions against Cuba and other countries, the bank and the U.S. authorities said in separate statements. Additionally, the bank said it agreed to pay $95 million to settle another dispute over violations of anti-money laundering regulations.
Société Générale has reached settlement agreements with certain U.S. authorities, resolving their investigations relating to certain U.S. dollar transactions processed by Société Générale involving countries, persons or entities that are the subject of U.S. economic sanctions and implicating New York State laws. Société Générale has agreed to pay penalties totaling approximately $1.3 billion (€1.2 billion) to the U.S. Authorities. This amount is entirely covered by the provision for disputes booked in Société Générale`s accounts. These agreements will not have an additional impact on the Bank`s results for 2018.
French bank Societe Generale was fined a total of $1.34 billion for violating laws on sanctions. The fines, which will go to the Justice Department, the Office of Foreign Assets Control, the New York County District Attorney's Office, and the New York Department of Financial Services, come after the bank was found to have executed billions of dollars in illegal and non-transparent transactions to parties in countries subject to embargoes or otherwise sanctioned by the United States, including Iran, Sudan, Cuba and Libya, the DFS and Federal Reserve said. The bank had previously announced it was to be fined over these charges.
Frank Benzimra of Societe Generale says investors need to consider which markets and themes they want to remain invested in as "the end" of the current market cycle approaches.