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France’s Société Générale Group is looking into the opportunity of selling BRD, the third largest bank in Romania and hired JP Morgan to handle it, banking market sources say. ....
LONDON/PARIS (Reuters) -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. Stuart Graham, a highly regarded banks analyst who joined AllianceBernstein in 2019 after it bought the financial sector-focused research firm he co-founded, is leaving in March to take a six-month break from work, he told Reuters. The other two co-founders of Autonomous, Ed Allchin and Manus Costello, are also leaving, Graham said in an email. ....
The U.S. technology sector is poised for continued strength even after its stellar gains in 2023, helped by strong first-half earnings and broad interest in artificial intelligence and other tech-driven productivity gains, according to equity strategists at Societe Generale. The result is that the tech-heavy Nasdaq 100's market value has grown to half that of the S&P 500 and 30% of a global MSCI equities benchmark, the SocGen strategists said in a note on Thursday. "We are conscious that concentration risk is at its highest level ever for US and global equity indices," the SocGen strategists said in their note. ....
MOSCOW (Reuters) -Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes in leading Russian companies owned by Societe Generale. The decree said that Rosbank will be able to buy SocGen's stakes in energy producers such as Rosneft and Gazprom, metals companies including Norilsk Nickel and Severstal, and other leading Russian blue chip firms. Societe Generale declined to comment. ....
Societe Generale, France's third-biggest listed bank, said on Monday it issued its first so-called digital green bond on a public blockchain, as the lender seeks to build expertise in crypto services. AXA Investment Managers, the investment arm of France's biggest insurance company AXA and Generali Investments, its equivalent for Italian insurer Generali fully subscribed the related security tokens, through private placement, SocGen said. Blockchain is a digital ledger that records ownership of tokens. ....