Search Results for: Societe Generale
Société Générale to pay millions for LIBOR and Euribor manipulation charges
June 5th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for ...
Two former top Société Générale Managers accused of a Libor Scheme
August 25th, 2017
U.S. authorities on Thursday charged two managers at French bank Societe Generale (SCGLY) with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate. Danielle Sindzingre, 54, the bank’s former global head of treasury, ...
Societe Generale reports net income of EUR 747 million for Q1 2017
May 6th, 2017
Net banking income for the businesses of EUR 6,518m (+4.0% vs. Q1 16) driven by the growth in International Retail Banking & Financial Services and Global Banking & Investor Solutions. Book net banking income of EUR 6,474m, up +4.8% ...
Societe Generale agreed to sell German online broker
December 12th, 2016
Societe Generale Group, through Boursorama, has agreed to sell the entire stake of Boursorama in Onvista AG, its German subsidiary, to Comdirect bank AG. The sale is expected to close before end of H1 2017, following completion of the ...
CFTC Orders Paris-Based Société Générale SA to Pay a $450,000 Penalty
December 8th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Société Générale SA (Société Générale) for failing to properly report certain non-deliverable forward transactions to a swap data repository (SDR), and failing ...
Societe Generale predicts collapse of the eurozone
January 14th, 2016
Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he ...
Euribor trial: 11 former Barclays, Deutsche Bank and Societe Generale employees set for first court appearance over rate fixing allegations
January 11th, 2016
Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office. 11 former employees of Barclays, Deutsche Bank and Societe ...
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
Societe Generale awarded ‘Best Trade Finance Bank in France’ by Global Finance Magazine
February 5th, 2015
This award recognizes the commitment of Société Générale’s teams in France to support businesses internationally. By building close relationships with its customers, the bank is able to offer tailored advice and innovative solutions for clients’ security issues and financing ...
Bet on a Pound Sterling to Euro Exchange Rate Decline in 2017-2018 say Société Générale
June 14th, 2017
Foreign exchange strategists at Société Générale have confirmed they are expecting further depreciation in the value of Pound Sterling relative to the Euro. The call comes as the French investment bank release their mid-year review of global foreign exchange ...
