Saturday 20 September 2014
 
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Societe Generale

SocGen to cut 700 jobs in US, Asia

French bank Societe Generale is to cut 700 jobs at its American and Asian operations as it pulls back on U.S. dollar lending to cut debt and strengthen its balance sheet, two trade-union sources said. The latest sign of retrenchment at Fre

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Top Societe Generale executive wins award

Eddy Abramo, CEO of Societe Generale Private Banking Middle East, has won the “Outstanding Young Private Banker” award 2011 from Private Banker International (PBI). The annual and independent award is based on a rigorous selection process

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SocGen CEO sees market nerves lingering

The head of French bank Societe Generale said in a newspaper interview released on Saturday that markets could remain nervous until third-quarter earnings are published at the end of October. Societe Generale has seen its stock hammered th

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SocGen wins best ME banker award

Societe Generale, one of the largest European financial services groups, has been voted best private bank in the region by the Banker Middle East magazine following online votes received from a thousand readers. This is the third award won

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SocGen names ME private banking head

Societe Generale, the leading private bank, has appointed Philippe Boutron as Middle East chief investment officer (CIO) for its Private Banking arm. Philippe Boutron will report to Eddy Abramo, chief executive officer for Middle East, Soc

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SocGen says no firm plans to enter LNG physical trade

French bank Societe Generale has no firm plans at present to enter physical LNG trading, although the startup of a number of new projects over the next few years will boost trading activity, a company official in charge of energy finance said.

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SocGen, NBAD ink securities services pact

Top European bank Societe Generale Securities Services (SGSS) and National Bank of Abu Dhabi (NBAD) have signed a commercial agreement to provide extensive securities services in their respective regions. The commercial agreement allows SG

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Barclays, SocGen get Saudi banking license

Barclays and Societe Generale have received investment banking licences for Saudi Arabia, the Financial Times (FT) reported on Monday, quoting the Saudi markets regulator. The Capital Markets Authority plans to allow investment groups to l

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SocGen loss reveals dangers

French bank Societe Generale's 4.9 billion euro ($7.1 billion) loss, blamed on a single employee, is a stark reminder that rogue traders can elude the most sophisticated security systems until it is too late. Many other banks could be expo

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