Page 7 - Frederic Oudea News Today

SocGen targets dealmaking to boost investment bank Reuters 5 days ago By Matthieu Protard By Matthieu Protard PARIS (Reuters) -Societe Generale said on Monday it plans to revamp its corporate and investment banking businesses by shifting resources into dealmaking and reducing its trading arms exposure to market swings. Frances third-largest listed bank said it is looking to boost profitability in the investment banking division and stabilise revenue after its flagship equity d...

* Aims to reduce exposure to swings in global markets * Seeks to grow its advisory business (Adds executive comments on cost and expansion in financing) PARIS, May 10 (Reuters) - Societe Generale said on Monday it plans to revamp its corporate and investment banking businesses by shifting resources into dealmaking and reducing its trading arm’s exposure to market swings. France’s third-largest listed bank said it is looking to boost profitability in the investment banking division and stabi...

U.S. Count Eases; EU Secures 1.8 Billion Doses: Virus Update Bloomberg 2 hrs ago The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. The European Union approved a contract with Pfizer Inc. and BioNTech SE for as many as 1.8 billion vaccine doses as the region bulks up its vaccination campaign through 2023. In India, more than 4,000 daily deaths were recorded in the latest sign the pandemic is intensifying in the world’s worst-...

U.S. Count Eases; India Reports Record Death Toll: Virus Update Bloomberg 24 mins ago The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. India reported more than 4,000 daily deaths, a record, as the pandemic intensifies in the world’s worst-hit nation. The European Union approved a contract with Pfizer Inc. and BioNTech SE for as many as 1.8 billion vaccine doses as the region bulks up its vaccination campaign through 2023. K...

U.S. Count Eases; EU Secures 1.8 Billion Doses: Virus Update Bloomberg 48 mins ago The U.S. looks set for its first week since mid-September in which daily coronavirus cases have not exceeded 50,000. The European Union approved a contract with Pfizer Inc. and BioNTech SE for as many as 1.8 billion vaccine doses as the region bulks up its vaccination campaign through 2023. In India, more than 4,000 daily deaths were recorded in the latest sign the pandemic is intensifying in the world’s wors...

4 Min Read PARIS (Reuters) -Societe Generale will press ahead with an overhaul of its investment bank after its equities division posted its best performance in six years in the first quarter, the French bank said on Thursday. FILE PHOTO: The facade of a building of the French bank Societe Generale is seen in Paris, France, February 9, 2021. REUTERS/Sarah Meyssonnier Revenue from share trading surged to 851 million euros from just 9 million a year ago, helping SocGen post a better than expected...

Rebound in trading boosts earnings at Frances SocGen 05/06/2021 6:41 PARIS (Reuters) - Societe Generale on Thursday recorded a higher than expected first quarter profit as its equities unit rebounded from an earnings wipeout to post its best performance in six years. Frances third-largest listed bank, which tumbled in 2020 to its first full-year loss for a decade as the COVID-19 pandemic rattled its businesses, posted a 814 million euros ($977.37 million) net profit in the quarter against...

Rebound in trading boosts earnings at France's SocGen

SocGen in talks over $979 million sale of Lyxor to Amundi Published 2 hours ago By Benoit Van Overstraeten PARIS (Reuters) – French bank Societe Generale is in exclusive talks to sell most of asset manager Lyxor to Amundi for 825 million euros ($979 million), as SocGen continues its corporate restructuring while Amundi seeks to increase its market share. SocGen said on Wednesday that the capital gain from the Lyxor sale would be around 430 million euros, adding that the transaction would con...

3 Min Read PARIS (Reuters) -Societe Generale is in exclusive talks to sell most of asset manager Lyxor to Amundi for 825 million euros ($979 million) and complete the French bank’s corporate restructuring while boosting Amundi’s market share. FILE PHOTO: A Societe Generale sign is seen outside a bank building in Paris, France, February 9, 2021. REUTERS/Sarah Meyssonnier/File Photo SocGen said on Wednesday that the capital gain from the Lyxor sale would be around 430 million euros, adding th...