PARIS Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros (435.5 million pounds) in cost savings, a source at the bank said on Friday.
PARIS, Feb 22 Societe Generale has not
yet taken a decision about any layoffs at its corporate and
investment bank as it looks for 500 million euros ($567 million)
in cost savings, a source at the bank said on Friday.
PARIS Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year.
* CEO Kessler reiterates Scor plans to stay independent
(Adds details on loss in fourth quarter)
PARIS Credit Agricole beat fourth quarter net profit expectations and achieved its profit goals a year ahead of target, sending shares in the French bank higher.
* BNP Paribas, SocGen cut targets after weak performance
(Adds share price and comments from investor and analyst)
PARIS Societe Generale has cut its profitability target after the French bank was hit by a fourth-quarter market downturn, joining other European banks battling a tough environment.
PARIS, Feb 7 France's third largest listed bank
Societe Generale cut its profitability target after a
market downturn hit its investment and corporate banking unit
during the fourth quarter.
PARIS BNP Paribas on Wednesday reduced its profit target for 2020 and said it planned to cut 350 million euros in costs from its corporate and investment bank after weak financial markets hit revenues in the final quarter of 2018.
PARIS, Feb 6 France's largest listed bank BNP
Paribas lowered its profitability and revenue growth
targets for 2020 after adverse financial markets hit revenues in
the fourth quarter of 2018.