News: Societe Generale (SCGLY.PK)

SCGLY.PK on OTC Markets Group

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Tue, Dec 23 2014

UPDATE 1-Market Chatter-Corporate finance press digest

Dec 23 - The following corporate finance-related stories were reported by media:

Russia's economic woes could hurt SocGen profitability targets: WSJ

- French bank Societe Generale might have to push back its profitability targets in Russia by several years, because of that country's economic troubles, the Wall Street Journal reported, citing sources.

Russia's economic woes could hurt SocGen profitability targets -WSJ

Dec 22 - French bank Societe Generale might have to push back its profitability targets in Russia by several years, because of that country's economic troubles, the Wall Street Journal reported, citing sources.

Newedge metal, energy traders leave as SocGen cuts headcount

NEW YORK - Societe Generale's senior base metals trader, Mike Turek, and Natasha Flora, an energy trader, left the bank in New York on Thursday, as part of a wider retrenchment following the French bank's takeover of Newedge, two sources told Reuters.

Newedge metal, energy traders leave as SocGen cuts headcount

NEW YORK, Dec 11 - Societe Generale's senior base metals trader, Mike Turek, and Natasha Flora, an energy trader, left the bank in New York on Thursday, as part of a wider retrenchment following the French bank's takeover of Newedge, two sources told Reuters.

RBS launches sale of Coutts, invites bids before Christmas: sources

SINGAPORE/HONG KONG - Royal Bank of Scotland Plc has launched the sale of private bank Coutts International and has invited at least 10 potential suitors, including Credit Suisse , Julius Baer and Malayan Banking Bhd to participate in an auction, sources said.

RBS launches sale of Coutts, invites bids before Christmas-sources

SINGAPORE/HONG KONG, Dec 8 - Royal Bank of Scotland Plc has launched the sale of private bank Coutts International and has invited at least 10 potential suitors, including Credit Suisse, Julius Baer and Malayan Banking Bhd to participate in an auction, sources said.

Societe Generale pulls out of GVK Hancock's long-delayed coal project

MELBOURNE, Dec 8 - Societe Generale has suspended its involvement in financing a $10 billion coal mine, rail and port project being developed by India's GVK conglomerate and Australian billionaire Gina Rinehart, citing the project's years-long delay.

MOVES-SG hires Petherick to head European flow derivative sales

LONDON, Dec 4 (IFR) - Societe Generale has poached Daniel Petherick from rival Citigroup to become head of European flow derivatives sales within its equity flow business. The role is a new one for the bank.

MOVES-Societe Generale appoints Sascha Bock managing director in Germany

Dec 2 - Societe Generale Corporate and Investment Banking appointed Sascha Bock managing director in its corporate finance team in Germany.

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