Societe Generale SA

A former head of Societe Generale SA's Treasury desk in Paris can stay in France, rather than travel to the United States, to defend against U.S. charges she tried to rig the Libor benchmark interest rate, a U.S. court ruled on Thursday.

A former head of Societe Generale SA's Treasury desk in Paris can stay in France, rather than travel to the United States, to defend against U.S. charges she tried to rig the Libor benchmark interest rate, a U.S. court ruled on Thursday.

French bank Societe Generale on Tuesday raised its full-year revenue forecast after swinging to a profit in the second quarter on lower bad loan provisions and a rebound in its domestic retail banking business, sending its shares higher.

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Turkey's central bank could do a "one off" interest rate cut of about 100 basis points in December to take advantage of an expected inflation dip in November, as long as global financial markets clear the way, bank Societe Generale said in a note.

The Swedish fund EQT has offered 1.8 billion euros ($2.2 billion) to buy Telefonica's submarine cable business, Spanish website El Confidencial reported on Tuesday, citing unidentified sources close to the operation.

Italian energy group Edison, owned by France's EDF, is gearing up to sell a stake of up to 40% in its renewable energy generation arm as it seeks to capitalise on investor appetite for green assets, four sources familiar with the matter said.

* Seeks to grow its advisory business (Adds executive comments on cost and expansion in financing)

Societe Generale will press ahead with an overhaul of its investment bank after its equities division posted its best performance in six years in the first quarter, the French bank said on Thursday.

France's third-biggest listed bank Societe Generale on Thursday recorded a sharp rebound in its trading business in the first quarter of the year, sending earnings above expectations.

ACS intends to present a binding bid for Atlantia's motorway unit within a reasonable time frame, the Spanish company wrote in its second letter to the Italian group, two sources said on Friday.

Spanish infrastructure group ACS has hired French investment bank Societe Generale to advise it on its up to 10 billion euro ($11.98 billion) offer for Autostrade per L'Italia, two sources with knowledge of the matter said on Wednesday.

Societe Generale is in exclusive talks to sell most of asset manager Lyxor to Amundi for 825 million euros ($979 million) and complete the French bank's corporate restructuring while boosting Amundi's market share.

Societe Generale is in advanced talks with both France's Amundi and U.S. firm State Street to sell its Lyxor asset management unit as part of efforts to boost profitability, four sources told Reuters.

Turkey may have lost the faith of investors long weary of a cycle of unorthodox policies, analysts said, after President Tayyip Erdogan's shock sacking of its central bank chief.

Societe Generale said the dismissal of Turkey's central bank governor Naci Agbal had left the country "beyond the point of no return" and predicted the lira to weaken to 9.70 against the U.S. Dollar by end of the second quarter.

Societe Generale said on Wednesday it expected no change in the Turkish Central Bank's policy rates in the first half of this year, with a 100 basis point cut seen in the third quarter and an additional 100 point cut in the fourth quarter.

* Shares up 3.3% (Recasts, adds management comments, updates shares)

Societe Generale sees a rebound in financial earnings in 2021, Chief Executive Frederic Oudea told reporters on Wednesday.