Société Générale to Divest Madagascar Shares to BRED Banque Populaire

Société Générale to divest Madagascar shares to BRED Banque Populaire

Société Générale has signed a contract to divest its 70% shares in Société Générale Madagasikara to BRED Banque Populaire, with the transaction expected to be finalized by Q1 2025. BRED will take full control of operations, including client portfolios and staff. This move is part of Société Générale's strategy to improve its cost/income ratio, targeting significant savings by 2026.

Societe Generale

Societe Generale's Equity Strategist Comments on Carry Trade Unwind

How Long Until The Carry Trade Is Unwound: Goldman And JPMorgan Clash Over The Answer 

Societe Generale's equity strategist noted that a soft US CPI and a hawkish move by the Bank of Japan are contributing to the unwinding of the USJPY carry trade. The article discusses broader market implications but does not provide specific insights from Goldman or JPMorgan regarding the situation.

Societe Generale to Sell UK, Swiss Private Banking Units for €900m

Societe Generale to sell UK, Swiss private banking units for €900m

Société Générale announced the sale of its private banking divisions in the UK and Switzerland to Union Bancaire Privée for €900 million. This sale is expected to enhance Société Générale's capital structure and is anticipated to be completed by the end of Q1 2025. The move follows a recent decline in share value after a performance target cut in its French retail division.

Societe Generale is a global financial services institution with a presence in the United States and Canada. It offers corporate and investment banking services through its subsidiaries, including SG Americas Securities, LLC.

Société Générale Société anonyme provides banking and financial services to individuals, businesses, and institutional investors in Europe and internationally. It operates through three segments: Retail Banking in France, International Retail Banking and Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, financing of professional equipment, and long-term leasing activities under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance products, including home, vehicle, family, health, and mortgage insurance. The company also provides corporate and investment banking, securities, market and investor, financing and consulting, and asset management and private banking services. In addition, it offers security brokerage, equipment finance, cash management, payment services, factoring, and supply chain financing services. The company serves through a network of 1849 branches. Société Générale Société anonyme was founded in 1864 and is based in Paris, France.

COM:SOCIETEGENERALE

Societe Generale

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