Tag: $Societe Generale

Societe Generale (SOGN) reported a sharp drop in investment banking trading revenue that underperformed rivals and overshadowed an overall forecast-beating fourth quarter, hitting its shares on Friday.

The bank has benefited from strong retail banking operations and trading activity

Societe Generale’s shares plunged more than 9% on Monday after France’s third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.

Societe Generale, France’s third-biggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday.

Societe Generale (SOGN.PA) has agreed to sell some of its businesses in Africa in a first move by the French bank’s new CEO to sharpen its use of capital.

French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business.