Banking Business Review (Free subscription) | 10/09/2008
Societe Generale Corporate & Investment Banking has appointed Francis Repka as chief country officer for Germany, replacing Charles Pierron.
Market Watch (Free subscription) | 10/07/2008
LONDON (MarketWatch) -- Societe Generale raised its rating on French insurer Axa to buy from hold, citing its well-diversified and safe business profile. The broker told clients that the company's geographical diversification is one of the best in the sector and noted it has disclosed only modest exposure to Lehman and AIG. Societe Generale added that in the past Axa has been able to...
DealBook (Free subscription) | 10/06/2008
Societe Generale, the French bank hit by a massive rogue trading scandal this year, is solid and is ready to look at acquisitions, chief executive Frederic Oudea told Le Parisien. “Societe Generale is the tenth [biggest] company on the CAC 40 and the sixth bank in the euro zone. It has the means to develop on [...]
CEOWORLD Magazine (Free subscription) | 10/05/2008
After a massive rogue trading scandal, French bank Societe Generale is ready to sail the boat and looking at new acquisitions chief executive Frederic Oudea says. “If there are possibilities for acquisitions at accessible prices, we will study them. We will also develop partnerships such as we have with La Poste (postal service) and Groupama [...]
PR News Wire (Free subscription) | 10/06/2008
CALGARY, Oct. 6 /PRNewswire-FirstCall/ - John Brannan, EnCana Corporation's (TSX, NYSE: ECA) Executive Vice-President & President, Integrated Oil Division, will be presenting at the FirstEnergy/Societe Generale Oil Sands Conference 2008 on Tuesday, October 7, 2008 at approximately 10:30 a.m. Western Europe London Local Time (3:30 a.m. MT) in London, UK. The investor presentation will include information...
Market Watch (Free subscription) | yesterday
... are just not going to stabilize unless they do," said Brian Hilliard, head of economic research at Societe Generale. "And the goods are government guarantees of deposits." Ken Rogoff, a Harvard University professor and former chief economist at the International Monetary Fund, said Friday there needed to be an "overwhelming" G7 statement. "I think the worst thing to do would be to come out...
International Herald Tribune (Free subscription) | 10/10/2008
... in Business with Reuters "It was a quiet August," said Frederic Oudea, the chief executive of Société Générale, one of the biggest banks in France, noting that he had been on vacation in the south of France.But Lehman's failure on Sept. 14 "was a trigger effect for a series of events," Oudea said, turning an American financial meltdown based on the collapse of the subprime mortgage market...
The Earth Times Online Newspaper (Free subscription) | 10/10/2008
... maker Renault off 14.49 per cent, to 28.00 euros. Financial shares were also hard hit, as the bank Societe Generale lost 13.04 per cent on the day, to finish at 50.00 euros.
Market Watch (Free subscription) | 10/10/2008
... the driving seat anymore," McVitie said. He's not the only one worried the deal could fall apart. Societe Generale analysts at the end of September also expressed concerned it may fail, saying they saw a 55% chance of completion. That compared to a two-third probability at the time the deal was announced. At Blue Oar Securities, Douglas McNeill was reluctant to draw such gloomy conclusions,...
The Earth Times Online Newspaper (Free subscription) | 10/10/2008
... institutions were the big losers in Paris on Friday morning, with the bank Societe Generale leading the sell-off, down by 14.12 per cent, to 49.38 euros, and BNP Paribas losing 13.02per cent, to 58.18 euros. In addition, insurance giant Axa fell by 13.62 per cent, to stand at 16.61 euros.
Times of India (Free subscription) | 10/10/2008
... right, or liquidity in Japan stalled or anything like that," said Masanaga Kono, a strategist at Societe Generale Asset. "I doubt that other companies were taking as much risk." Economics Minister Kaoru Yosano said there was no other problem with insurers. "It is the smallest company in our nation's insurance sector," he told reporters. "The incident is a failure of a company that had a...
Banking Times: Daily Banking News (Free subscription) | 10/09/2008
Natixis has announced the appointment of Marc Breillout as the new head of Capital Markets within the firm’s Corporate and Investment Banking division. In addition to this Breillout is also given a seat on the bank’s executive committee. Breillout brings with him over three decades of banking experience, which began in 1977 with Société Générale. In June of [...]
The Irish Times (Free subscription) | 10/10/2008
... indicators that suggests things are getting overdone".Even Albert Edwards, the notoriously bearish Société Générale analyst who has repeatedly warned of an equity "ice age", recently suggested that the "usual array of indicators suggests a strong bounce is now very possible".Verdict: It's always encouraging to see smart bears turn bullish, even if it's only in the short term. Longer term,...
The BLT: The Blog of Legal Times (Free subscription) | 10/09/2008
... securitization lawyer. Demetrios Xistris joined the office as senior counsel, from investment bank Société Générale. He has also worked at investment banks J.P. Morgan and BNP Paribas.In a press release, O’Melveny partner Daniel Passage said the firm is expanding the practice to keep up with client demand for “more assistance with completing, analyzing, and in some cases, unwinding very...
Capital Chronicle (Free subscription) | 10/06/2008
Ever wondered why there are so many " banques " in France that do not carry the term in their names: Credit Lyonnais, Société Générale, Caisse d'Epargne, Credit Agricole, Credit Mutuel etc etc all of whom (and I write under correction) were created in the 19th century at various stages of the Industrial Revolution? One entertaining explanation is that the catastrophic fallout from the collapse...
