ACS hires SocGen to sell services unit in 700 million-800 million euro deal, Expansion reports
MADRID (Reuters) – Spanish construction group ACS has hired Societe Generale’s investment bank to sell its services unit Clece, Expansion newspaper reported on Monday, citing unidentified finance sources. The unit, which provides…
SocGen beats estimates as bond trading offsets retail banking slump
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business. The…
UBS raises expectations for ECB’s terminal rate; SocGen sees it peaking at 4%
(Reuters) -Economists at UBS expect the benchmark interest rate in the eurozone to peak at 3.75%, while Societe Generale sees it at 4% after the European Central Bank (ECB) signalled more tightening…
Eiffage CEO de Ruffray put forward as SocGen board candidate
PARIS (Reuters) – Societe Generale said on Friday that its board will propose that shareholders elect Eiffage Chief Executive Officer Benoit de Ruffray as an independent board director at its general meeting…
SocGen net income tops forecasts in third quarter
PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as market volatility boosted trading revenues. SocGen, which…
SocGen CEO: current environment not ideal for mergers and acquisitions in sector
PARIS (Reuters) -Frederic Oudea, the outgoing chief executive of French bank Societe Generale, said on Tuesday that crisis situations such as the ones being experienced at present were not the best environment…
SocGen board picks investment banking boss Krupa as new CEO
PARIS (Reuters) -French bank Societe Generale said on Friday its board had picked Slawomir Krupa, who currently runs its investment banking business, as its new group chief executive. Krupa’s appointment will be…
SocGen and Renault shares slump after sanctions on Russia
PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on Russia after its attack on Ukraine. SocGen…
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