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SocieteGen


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Societe Generale Is Reviving A Potential Sale Of Its Private UK Bank Kleinwort Hambros - Bloomberg News

BRIEF-Societe Generale Is Reviving A Potential Sale Of Its Private UK Bank Kleinwort Hambros - Bloomberg News Dec 7 (Reuters) - SOCIETE GENERALE SA IS REVIVING A POTENTIAL SALE OF ITS PRIVATE UK BANK KLEINWORT HAMBROS - BLOOMBERG NEWS Source text: https://tinyurl.com/3mrwcx4j Further company coverage: SOGN.PA
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SocGen to sell two African businesses to Vista Group

UPDATE 2-SocGen to sell two African businesses to Vista Group Adds statement from Vista Group paragraphs 3-4 PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA , France's third-biggest listed bank, has agreed to sell two African subsidiaries in Burkina Faso and Mozambique to pan-African banking group Vista Group, the companies said on Thursday. Vista will acquire Societe Generale's 52.6% stake in Societe Generale Burkina Faso and its 65% stake in Banco Societe Generale Mocambique.
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French bank SocGen agrees to sell two African units to Vista Group

French bank SocGen agrees to sell two African units to Vista Group PARIS, Dec 7 (Reuters) - Societe Generale SOGN.PA has agreed to sell two of its African subsidiaries, Societe Generale Burkina Faso and Banco Societe Generale Mocambique, to the company Vista Group, the French bank said on Thursday. Reporting by Sudip Kar-Gupta; Editing by Jan Harve
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Crypto Wire: Bitcoin at 20-month highs 

Crypto Wire: Bitcoin at 20-month highs  By Elizabeth Howcroft Dec 6 - Optimism abounds in the crypto industry Bitcoin has been making headlines again, having jumped above $44,000 in a move market-watchers are attributing to hopes for rate cuts and spot bitcoin ETF approvals. Meanwhile, the U.S. issued another warning to the crypto industry on illicit finance.
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Deflating 'QT cushion' may have raised red Fed flag: Mike Dolan

RPT-COLUMN-Deflating 'QT cushion' may have raised red Fed flag: Mike Dolan Repeats with no changes to text By Mike Dolan LONDON, Dec 6 (Reuters) - Any real economy crunch from the U.S. Federal Reserve's balance sheet rundown may have been softened to date, but the air is rapidly escaping from one of its key cushions. Whether last week's rhetorical shift by the Fed acknowledges this potential crunch is an open question, but credit and liquidity watchers are calling time on how long 2023's commerc
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Société Générale To Become First Bank To List A Stablecoin - FT

BRIEF-Société Générale To Become First Bank To List A Stablecoin - FT Dec 6 (Reuters) - SOCIÉTÉ GÉNÉRALE TO BECOME FIRST BANK TO LIST A STABLECOIN - FT Source text link: https://on.ft.com/3Rd2URA Further company coverage: SOGN.PA
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India's Adani Green secures additional $1.36 bln loan

UPDATE 1-India's Adani Green secures additional $1.36 bln loan Adds details of the loan throughout BENGALURU, Dec 5 (Reuters) - India's Adani Green Energy ADNA.NS said on Tuesday it has received a follow-on funding of $1.36 billion via a green loan from an international bank consortium to help the company expand its renewable power capacity. This brings Adani Green's total funds in its construction asset portfolio to $3 billion, according to a stock exchange filing , from the initial project fin
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SocGen issues 10-mln-euro digital green bond on a public blockchain

SocGen issues 10-mln-euro digital green bond on a public blockchain PARIS, Dec 4 (Reuters) - Societe Generale SOCGN.PA , 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. The inaugural transaction amounts to 10 million euros ($10.87 million) worth of senior preferred unsecured bonds with a maturity of 3 years, the bank said.
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Societe Generale Issues First Digital Green Bond On Public Blockchain

BRIEF-Societe Generale Issues First Digital Green Bond On Public Blockchain Dec 4 (Reuters) - Societe Generale SA SOGN.PA : SOCIETE GENERALE ISSUES A FIRST DIGITAL GREEN BOND ON A PUBLIC BLOCKCHAIN THIS INAUGURAL OPERATION IS STRUCTURED AS A EUR 10M SENIOR PREFERRED UNSECURED BOND WITH A MATURITY OF 3 YEARS FIRST DIGITAL GREEN BOND AS A SECURITY TO
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Global economy to slow down but likely avoid recession in 2024

FACTBOX-Global economy to slow down but likely avoid recession in 2024 Adds Citigroup's forecasts Dec 1(Reuters) - Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies. The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year's growth seen slowing to 2.6%.
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SocGen says ECB raised its minimum capital requirements

SocGen says ECB raised its minimum capital requirements PARIS, Dec 1 (Reuters) - The European Central Bank (ECB) has raised the minimum capital requirements for Societe Generale SOGN.PA as part of a supervisory review and evaluation process (SREP), the French lender said late on Thursday. The process evaluates challenges for major institutions, outlining solvency requirements and supervisory measures banks must follow in the coming year.
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A transition year 2024 for eurozone banks; GS cuts SocGen and AIB, ups KBC

BUZZ-A transition year 2024 for eurozone banks; GS cuts SocGen and AIB, ups KBC ** Goldman Sachs sees 2024 as a transition year for euro area banks, as they leave behind a peak rate environment and the ECB is expected to start cutting rates in Q2 ** The broker does not expect these cuts to materially affect the 2024 estimates for net interest incom
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Dec 1 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. Casino CASP.PA : The ailing French retailer on Thursday confirmed it has received 'preliminary indicative offers from several purchasers' for an unspecified number of its hypermarket and supermarkets it had put up for sale to raise cash.
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Societe Generale Says ECB Notified Bank Of Level Of Its P2R Which Will Apply From 1st Jan 2024; It Stands At 2.42%, Including 1.44% In Form Of CET1

BRIEF-Societe Generale Says ECB Notified Bank Of Level Of Its P2R Which Will Apply From 1st Jan 2024; It Stands At 2.42%, Including 1.44% In Form Of CET1 Nov 30 (Reuters) - Societe Generale SA SOGN.PA : SOCIETE GENERALE: DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS EFFECTIVE FROM 1ST JANUARY 2024 SOCIETE GENERALE -ECB NOTIFIED BANK OF LEVEL OF ITS P2R WHICH WILL APPLY FROM 1ST JAN 2024; IT STANDS AT 2.42%, INCLUDING 1.44% IN FORM OF CET1 SOCIETE GENERALE-ECB NOTIFIED BANK OF LR-P2R REQUIREMENT
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Global economy to slow down but likely avoid recession in 2024

FACTBOX-Global economy to slow down but likely avoid recession in 2024 Adds J.P. Morgan's 2024 S&P 500 target Nov 30(Reuters) - Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies. The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year's growth seen slowing to 2.6%.
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SocGen cuts Indian stocks to 'neutral' as elections loom

SocGen cuts Indian stocks to 'neutral' as elections loom Nov 29 (Reuters) - Societe Generale on Wednesday downgraded Indian equities to "neutral" from "overweight" ahead of elections next year on expectations of "moderating" economic growth and improving risks for broader emerging market stocks. India's benchmark, Nifty 50 index .NSEI , is up 11% so far this year, compared with roughly 3% year-to-date growth for the MSCI Emerging Markets index .dMIEF00000PUS .
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Komercni Banka raises Tier 2 capital by EUR 100 mln

BRIEF-Komercni Banka raises Tier 2 capital by EUR 100 mln Nov 29 (Reuters) - Komercni Banka as BKOM.PR : KOMERCNI BANKA RAISES TIER 2 CAPITAL BY EUR 100 MILLION BY SUBORDINATED LOAN FROM MAJORITY OWNER SOCIETE GENERALE Further company coverage: BKOM.PR
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Four banks quit initiative assessing climate targets-sources

EXCLUSIVE-Four banks quit initiative assessing climate targets-sources Adds comment from Societe Generale in paragraph 10 By Tommy Wilkes LONDON, Nov 29 (Reuters) - Four major banks, including Standard Chartered Plc STAN.L and HSBC Plc HSBA.L , have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter.
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Four banks quit initiative assessing climate targets-sources

EXCLUSIVE-Four banks quit initiative assessing climate targets-sources By Tommy Wilkes LONDON, Nov 29 (Reuters) - Four major banks, including Standard Chartered Plc STAN.L and HSBC Plc HSBA.L , have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter. The lenders have abandoned efforts for the Science Based Targets Initiative (SBTi) to validate their goals because of concerns it could hinder their ability to cont
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Global economy to slow down but likely avoid recession in 2024

FACTBOX-Global economy to slow down but likely avoid recession in 2024 Adds Deutsche Bank's forecasts Nov 27 (Reuters) - Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies. The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year's growth seen slowing to 2.6%.
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