Stay updated with breaking news from Frederic Oudea. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
Societe Generale Chief Executive Frederic Oudea is taking over the bank’s risk and compliance functions, seeking greater control over management of the bank’s legal affairs after it paid billions of dollars in penalties.
The pandemic has hastened digitalisation process across the banking industry as part of strategies to sustain businesses and reduce overheads in a low volume
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WYBALGO2PJPE7O7QAFMSQWL6PE.jpg)
French bank Societe Generale SA in 2022 should record a "more moderate" growth in its results than in the current year, Chief Executive Frederic Oudea said on Sunday.
This was due to a higher number of home loans and consumer credit. "We are recording, as you said, a strong rebound, of course, compared with last year, where it was a period of lockdowns. So we see in particular good dynamism on the commissions, in particular on financial commissions," Oudea told CNBC on Tuesday. "People are saving money, but they are looking at investment solutions, which makes sense in a world of very low and even negative interest rates." Looking at the investment banking unit, revenues rose more than 24% from a year ago, and the bank cited "strong momentum" in its equity...