Societe Generale SA

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

Amundi Chief Executive Yves Perrier is stepping down after more than a decade running Europe's largest fund manager and will be succeeded by his deputy Valérie Baudson, the group said on Friday.

* Online arm Boursorama targets 4.5 million clients in 2025 (Adds SocGen comments on job issues)

France's Societe Generale said on Monday it expected to shut 600 branches in France by 2025 with the merging of its two retail banking networks Societe Generale and Credit du Nord.

Societe Generale and Credit du Nord have approved a plan to merge their retail banking operations after the boards of both French institutions met separately over the weekend, Les Echos reported on Sunday.

Spanish telecom firm Telefonica has hired Societe Generale and Greenhill to sell the submarine cable business of its infrastructure unit Telxius as part of its wider divestment plan, Cinco Dias newspaper reported on Monday.

U.S. Treasury yields fell on Thursday as the prospect of a weak fourth economic quarter overcame optimism that vaccines against COVID-19 are close to being rolled out and could return the economy to normal. "The focus has shifted away from exuberance on vaccines to the rising...

French bank Societe Generale (SocGen) said on Monday it planned a net reduction of about 640 positions in France but said there would be no forced redundancies.

Frederic Oudea promised Societe Generale investors "growth with lower risk" after he became chief executive in 2008, the year a rogue trader lost billions in equity derivatives and brought the French bank close to collapse.

Societe Generale is considering merging its two French retail networks in an attempt to boost profitability, after two consecutive quarterly losses due to poor trading results.

Societe Generale is gearing up to launch the sale of its asset management arm Lyxor as the French lender seeks to shore up its finances after two consecutive quarterly losses, two sources familiar with the matter told Reuters.

Societe Generale is gearing up to launch the sale of its asset management arm Lyxor as the French lender seeks to shore up its finances after two consecutive quarterly losses, two sources familiar with the matter told Reuters.

* Global markets review to impact revenue, lead to cost cuts (Updates with CEO comments during press conference)

Societe Generale reported a 1.26 billion euros ($1.5 billion) second-quarter loss, as it booked a writedown on the value of its trading business and increased provisions for loans that could turn sour because of the COVID-19 pandemic.

France's Societe Generale signed a new five-year distribution agreement with asset manager Amundi and said it would open up its retail and insurance networks to more asset managers.

The family of the former owners of a Cuban bank seized by Fidel Castro's government nearly six decades ago sued Societe Generale for approximately $792 million, saying the French bank owes damages for circumventing U.S. sanctions against Cuba.

The U.S. Federal Reserve may lower lending rates by a quarter point in July and by the same increment in September on signs of slowing economic growth and risk from the trade conflict between China and the United States, Societe Generale said on Thursday.

Societe Generale SA's corporate and investment banking unit (CIB) said on Monday it had appointed Patrick Perreault as head of mergers and acquisitions at its corporate finance division in France.

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.