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
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
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
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
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
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.
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
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
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