SCGLF.PK: Societe Generale (Ff StockTalks

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Tuesday, May 7, 6:55 AM Société Générale (SCGLF.PK): Net profit falls 50% Y/Y to €364M, beating by €47M. Net income in corporate and investment banking rises 41% to €494M beating estimates. Revenue takes a €1B hit on accounting change related to the revaluation of debt. Tier 1 capital is 8.7%. 2 Comments [Earnings, Financials]
Friday, March 29, 7:34 AM BofA (BAC) and Societe Generale (SCGLF.PK) have appealed a judge's denial of a lawsuit in which they sought to reverse regulatory approval of MBIA's (MBI) restructuring in 2009. The bank's argue that overhaul harmed them as policy holders, and that the authorization "was arbitrary and capricious and an abuse of discretion." 6 Comments [Financials]
Monday, January 7, 4:04 AM Credit Agricole (CRARF.PK) leads major European banks higher, rising 4.7% after regulators ease Basel liquidity rules, followed by Deutsche Bank (DB) +4.3%, Unicredit (UNCFY.OB) +4.3% and Barclays (BCS) +3.7%. Also, SocGen (SCGLF.PK) +3.4%, HSBC (HBC) +0.75%, Lloyds (LYG) +1.9%, Santander (SAN) +2%, RBS (RBS) +1.5%, UBS (UBS) +2% and Credit Suisse (CS) +3.4%. Italy's Banca Monte dei Paschi di Siena (BMDPY.PK) +15%. Comment! [Financials, On the Move, Top Stories]
Friday, October 26, 2012, 8:36 AM Paris is busily rebounding from S&P's negative rating actions on the French banks overnight. BNP Paribas (BNPQY.PK) was cut to A+ from AA-, while SocGen (SCGLY.PK) and Credit Agricole (CRARY.PK) were given a negative outlook. "The economic risks under which French banks operate have increased in our view." The CAC 40 +0.2% after a near 1% early decline. Comment! [Global & FX, Financials]
Friday, June 22, 2012, 3:52 AM Of the EU-listed banks whose ratings have been cut by Moody's, Credit Suisse (CS) was -1.05% in European trading, UBS -0.3%, HSBC (HBC) -0.1%, Barclays (BCS) flat, Deutsche Bank (DB) -0.2%, BNP Paribas (BNOBF.PK) flat, RBS -0.8%, SocGen (SCGLF.PK) +0.4%, Credit Agricole (CRARY.PK) +0.4%. Comment! [Top Stories, Financials]
Monday, April 2, 2012, 3:57 AM Some of Europe's biggest banks are preparing to pay back some LTRO funds in the next 12 months. The banks, which sources say include UniCredit, BNP Paribas and SocGen, are keen to repay the money as soon as they can - December of this year - even though they have until Dec. 2014 and Feb. 2015. Comment! [Global & FX, Financials]
Wednesday, March 7, 2012, 3:10 AM With Greece's debt-swap deadline a mere day away, posturing continues from both bondholders and Greek officials, but some of the largest private holders are falling in line. SocGen, Assicurazioni Generali and UniCredit all say they'll participate in the swap, as will Greece's six largest banks.
6 Comments [Financials, Top Stories]
Wednesday, January 18, 2012, 8:50 AM French banks made their funding more robust in 2011 by increasing deposits by €130B ($167B) as part of efforts to bring their funding back on balance sheet, Fitch says. The growth came partially at the expense of European money market funds, which lost €55B. Funding through deposits is treated more favourably under Basel III. Comment! [Global & FX]
Thursday, August 18, 2011, 3:41 AM Because of the EU debt crisis, the NY Fed is reportedly demanding more information from big European banks about whether their U.S. units have the ability to fund themselves. In some cases, the Fed is pushing the banks to revamp their U.S. structures. Comment! [Financials, Global & FX, Top Stories]
Thursday, July 21, 2011, 9:24 AM A look at premarket action in the European banking sector on news of the EU going "all-in" on Greece: NBG +5.5%, DB +3.1%, STD +4%, CS +3.5%, BCS +5.9%. In Paris, CRARY.PK +4.3%, SCGLF.PK +4.4%. Comment! [Global & FX, Financials]
Thursday, June 16, 2011, 12:43 PM Recent data from the BIS suggests U.S. banks have $41B in exposure to Greece, mostly in the form of CDS contracts sold to European banks who own Greek paper. By comparison, French banks (under downgrade threat), part of an economy 1/6 the size of the U.S., have $65B in exposure. 5 Comments [Global & FX, Financials]
Wednesday, May 18, 2011, 9:56 AM S&P opines on the supposedly new and improved European bank stress tests, saying politics makes it impossible for regulators to assume true stress, i.e. a sovereign restructuring. The agency notes bond yields on the periphery exceed even the most severe assumptions in last year's tests. Comment! [Global & FX, Financials]

SCGLF.PK Societe Generale (Ff

SCGLF.PK

Societe Generale (Ff