|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||8.405 - 8.480|
|52 Week Range||8.250 - 12.050|
|PE Ratio (TTM)||11.76|
|Forward Dividend & Yield||0.51 (5.90%)|
|1y Target Est||13.30|
One former Barclays Plc trader was convicted, one ex-Deutsche Bank AG executive pleaded guilty and another from that lender was acquitted of conspiring to rig Euribor, the interest rate benchmark behind trillions of dollars worth of securities. Philippe Moryoussef was found guilty of manipulating Euribor, while Achim Kraemer was acquitted. The jury was unable to reach a verdict on Colin Bermingham, Sisse Bohart and Carlo Palombo.
Inmarsat led the FTSE 250 fallers after EchoStar said it had been rejected with an improved 532p-per-share indicative offer for the satellite operator, about half of which was in cash. The US group said ...
PARIS/FRANKFURT (Reuters) - French bank Societe Generale (SOGN.PA) said on Tuesday it will buy Commerzbank's (CBKG.DE) equity markets and commodities business (EMC), strengthening its presence in areas such as derivatives, while the Frankfurt-based bank itself looks to sell off non-core assets. The two banks did not disclose a price for the transaction, although Commerzbank said its EMC division had 2017 gross revenues of 381 million euros (337.56 million pounds). Commerzbank, still partly owned by the German government, has been restructuring as parts of its business have struggled amid weak markets and slow loan demand.
EMC — as the French bank looks to push further into the German market. The deal, which was announced on Tuesday morning and is expected to close before the end of the year, will see SocGen taking on Commerzbank’s investment products, flow products, and asset management businesses worldwide, including associated market making, sales and structuring capabilities.
The Lumo platform has been used to finance wind, hydroelectric and solar projects. Banking giant Societe Generale GLE-FR has bought renewable energy crowdfunding platform Lumo, it said in an announcement Thursday. Lumo, a fintech company from France, offers both businesses and individuals the opportunity to help finance a range of renewable energy projects in France.
With Beijing warning it will retaliate against President Donald Trump’s latest threat to impose tariffs on Chinese imports, a few investors have floated the possibility of Beijing selling its stockpile of Treasurys in an effort to punish the U.S. by driving up the government’s borrowing costs. Trump signaled his willingness to slap on additional tariffs on $200 billion of Chinese imports, after Beijing condemned an initial $50 billion levy enacted on Friday and threatened to respond in kind.
Societe Generale Corporate & Investment Banking on Monday appointed Jacques Bitton and Jean-Baptiste Giros as co-heads of coverage and investment banking for France. Bitton and Giros are also in charge ...
The Société Générale deal with UniCredit might be another 18 months away, say some bankers. “In times of ever-deepening geopolitical tensions, do we want to leave the important allocation function of the banking system largely to foreign institutions?” Deutsche Bank’s new chief executive, Christian Sewing, said in a a speech in Berlin on Tuesday.
French bank Societe Generale (SOGN.PA) is exploring a sale of its Polish unit Eurobank, which is facing rising pressure from competitors and regulators, two investment bankers in Warsaw said. Eurobank is the 17th largest Polish bank with assets of 14 billion zloty (2.9 billion pounds), and is more than 20 times smaller than the country's biggest lender PKO BP (PKO.WA). "Eurobank is in a sale process.
Société Générale Société anonyme (ENXTPA:GLE) delivered an ROE of 5.58% over the past 12 months, which is an impressive feat relative to its industry average of 4.88% during the sameRead More...
Legg Mason (LM) intends to enhance its oversight compliance policies and undertake training programs and measures to reinforce the anti-corruption program principles.
Settlement of LIBOR rigging and bribery charges allegations is a step in the right direction for Societe Generale (SCGLY) as it can move forward with its efforts to improve efficiency.
PARIS/NEW YORK (Reuters) - French bank Societe Generale (SOGN.PA) will pay $1.3 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday. The Paris-based bank is due to plead guilty in U.S. District Court in Brooklyn, New York, to resolve the foreign bribery case, the Justice Department said in a statement. Earlier on Monday, SocGen said it had agreed to pay 250 million euros ($293 million) to the French treasury as part of the overall U.S.-France settlement.
WASHINGTON (AP) — A unit of one of France's largest banks, Societe Generale, is pleading guilty in the U.S. and the bank is paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global interest rate.
Jul.12 -- Kit Juckes, chief FX strategist at Societe Generale, discusses the Bank of England's rate policy and the economic cycle in the U.K. He speaks on "Bloomberg Markets: European Open."
Jul.12 -- Kit Juckes, chief FX strategist at Societe Generale, discusses the impact of the trade tensions on markets and what he's telling investors about currencies. He speaks on "Bloomberg Markets: European Open."
Jul.04 -- Kit Juckes, global fixed income and FX strategist at Societe Generale, discusses the Treasury yield curve, Federal Reserve policy and the U.S. economy. He speaks on "Bloomberg Markets."
Jul.03 -- Societe Generale will buy Commerzbank's equity markets and commodities unit. Bloomberg's Russell Ward reports on "Bloomberg Daybreak: Europe."
Jun.25 -- Michael Haigh, Societe Generale's global head of commodities, discusses the impact of OPEC's agreement to increase production on global inventories with Bloomberg's Julia Chatterley, Joe Weisenthal and Julie Hyman on "What'd You Miss?"
Jun.25 -- Mike Wittner, global head of oil research at Societe Generale, and Robert Sinche, global strategist at Amherst Pierpont, discusses moves in the oil market after OPEC's agreement to boost production. They speak on "Bloomberg Daybreak: Americas."