World news about “Societe Generale” published by euronews.
Societe Generale cuts jobs as income falls French bank Societe Generale is to cut at least 700 jobs from its workforce, although the figure may be as high as 1000. It is the second-largest lender on… 07/05/2013
BNP Paribas bids farewell to Egypt BNP Paribas, France’s biggest bank, has agreed to sell its Egyptian arm to Emirates NBD. The price is 377 million euros. Emirates NBD wants to boost its… 20/12/2012
SocGen profit slumps in difficult time for French banks Societe Generale is the latest eurozone bank to suffer worse-than-expected second-quarter results. Net profit at France’s second largest lender fell 42… 01/08/2012
Mixed results for Societe Generale Societe Generale’s quarterly profits were hit by the French bank’s efforts to strengthen its capital reserves. It is slashing costs, debt and jobs at its… 03/05/2012
Greek losses drag SocGen profit down Societe Generale has posted a slump in quarterly profits; it was hit by charges including losses on money it has loaned to Greece. France’s second-biggest… 08/11/2011
Banks count the cost of Greek loans The size of the losses faced by banks that have lent money to Greece is set to rise and those banks are coming under increasing pressure to raise their… 13/10/2011
Markets rise on debt hopes European shares rose in a tentative recovery rally on hopes a plan by European Commission President Jose Manuel Barroso to present options for the… 14/09/2011
European shares turn positive Shares rose after the head of the European Commission Jose Manuel Barroso said it would soon present options for the introduction of euro area bonds. His… 14/09/2011
Greece hits SocGen profit Losses from Greece caused French bank Societe Generale to post second quarter profits that were down by nearly a third. France’s second-biggest bank also… 03/08/2011
Arab unrest hits profits at Société Générale First-quarter profits at Société Générale dropped short of expectations as the bank suffered as a result of the unrest in the Arab world. France’s… 05/05/2011
French rogue trader asks for helpFormer Société Générale trader Jérome Kerviel is appealing to his former colleagues to help him avoid jail. The 35-year-old plans to appeal to France’s… 25/10/2012
French rogue trader Kerviel loses appealA Paris appeal court has upheld a jail sentence for Jérome Kerviel, the rogue trader who lost the bank Société Générale (Soc-Gen) nearly five-billion euros… 24/10/2012
Rogue-trader Kerviel loses appealJerome Kerviel, the man behind France’s biggest rogue trading scandal, has lost his appeal at a Paris court, which has upheld his jail term. Kerviel was… 24/10/2012
Ex-SocGen trader Kerviel jailed for 3 yearsFormer Societe Generale trader Jerome Kerviel was sentenced to three years in prison for his role in France’s biggest rogue-trading scandal on Wednesday and… 24/10/2012
Prosecutors seek maximum sentence for rogue trader KervielIn France prosecutors have called for the former Societe Generale trader Jerome Kerviel to serve five years in prison. Kerviel is appealing a three-year term… 27/06/2012
SocGen ‘rogue trader’ appeals against jail termJerome Kerviel, a convicted rogue trader who almost brought down one of France’s biggest banks, launched his appeal in Paris on Monday. He was found guilty… 04/06/2012
French banks downgraded by Moody’sAs financial markets factored in a 90 percent chance that Greece will default on its debt, one of the world’s big three credit ratings agencies, Moody’s… 14/09/2011
Kerviel blames system for bank’s lossesThe man whose trading almost brought down Societe Generale, one of France’s biggest banks, has appeared in court. Jerome Kerviel’s long-awaited trial is… 09/06/2010
Kerviel in court over “rogue” tradingThe man accused of one of the biggest banking frauds in history has appeared in court on the first day of his high-profile trial in Paris. Jerome Kerviel… 08/06/2010
Banking system on trial during Kerviel caseThe man accused of being the world’s biggest rogue trader, Jerome Kerviel goes on trial today over the five billion euro loss he incurred for the French bank… 08/06/2010
BNP Paribas and SocGen interested in ZachodniFrench banks BNP Paribas and Societe Generale are the latest reportedly interested in bidding for a 70 percent stake in Polish bank Zachodni. Allied Irish… 31/05/2010
SocGen’s results disappointLacklustre results from France’s second-biggest bank Societe Generale. The lender, which issued a profit warning last month, announced weak fourth-quarter… 18/02/2010
Societe Generale finds more toxic assetsIt may be too soon to declare the financial crisis over as Societe Generale has issued a profit warning. France’s second largest bank said assets that it… 13/01/2010
Dexia could merge with Societe GeneraleBelgian bank Dexia could be merged with French bank, Societe Generale. An internet news site is reporting that the French government is looking at a… 23/11/2009
SocGen raises cash to repay aidFrench bank Societe Generale is to sell 4.8 billion euros worth of new shares. The cash raised will be used to repay bailout money the bank received from… 06/10/2009
