Two French banks, Societe Generale and Credit Agricole, disclosed plans to increase its ownership stakes in asset manager Amundi Group and derivatives broker Newedge Group.
Tags: Societe Generale
Societe Generale says it obeys all rules fighting tax evasion and fraud
Societe Generale said that it stood by all the rules of its operating nations. The bank confirmed that it no longer detained any establishments in the process in the Non-Cooperative Countries and Territories.
Societe Generale SA to Cut 128 Jobs in Its Global Banking Division
The third largest bank in France will continue its cost cutting plan. Through the year 2020 the bank will cut 550 jobs in its retail operation.
Research firm Coalition lowers Deutsche Bank position in investment industry
Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.
Goldman Sachs plans sukuk issue as Islamic finance goes mainstream
Goldman Sachs (GS.N) is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
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VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
France-based Societe Generale was the third major bank seeking to sell its private wealth arm in Asia in the last five years.
According to sources familiar with the matter, French bank Societe Generale was considering on selling its Asian wealth arm based in Singapore.
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
NYSE tapped JPMorgan & Chase Co. and Societe Generale for the IPO launch of Euronext. NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc.
Groupama sold its last stake in SocGen for EUR 517.8 million. French insurance company Groupe des Assurances Mutuelles Agricoles (Groupama) finally sold its remaining 1.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Societe Generale is set to buy out Credit Agricole's shareholdings in the joint venture brokerage Agricole.
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