|Bid||34.40 x 3900|
|Ask||0.00 x 37000|
|Day's range||48.08 - 48.60|
|52-week range||33.99 - 52.26|
|PE ratio (TTM)||13.82|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
** British engineering group GKN -1.6 pct, among top losers on the UK blue chip index ** At least 3 brokerages cut PTs on stock after co's profit warning on Friday ** GKN warned on Friday its annual profit ...
While most London-based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks expect to say "Oui" to government pressure ...
French banks Société Générale and BNP Paribas have emerged from the financial crisis, the eurozone debt crisis and long years of European economic stagnation as two of the continent’s strongest lenders....
Russia's bank and financial shares index fell on Wednesday after a lender asked authorities for a bailout, while other emerging assets flatlined, awaiting the outcome of the U.S. Federal Reserve meeting. ...
French President Emmanuel Macron's newly unveiled labour reform will boost Paris as a destination for banking jobs post-Brexit by making its labour market more flexible than Germany's, the head of lobbying group Paris Europlace said on Thursday. Britain's decision to leave the European Union has opened up fierce competition among financial centres elsewhere in the bloc, including Paris, Frankfurt and Dublin, to attract banks and other financial companies seeking to secure continued access to the single market once Britain leaves. Some bankers have been sceptical that France could attract much of the UK financial industry, with rigid labour rules and a frequently changing tax system seen as major deterrents.
U.S. authorities have charged two managers at French bank Societe Generale (Swiss: 519928.SW - news) with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate. Danielle Sindzingre, 54, the bank's former global head of treasury, and her subordinate Muriel Bescond, 49, its former head of treasury in Paris, were accused in an indictment filed in a New York federal court of submitting false information about the rates at which the bank was able to borrow money.
Friday’s focus is on events in the United States, with the probe into possible Russian interference in the U.S. presidential election weighing on markets somewhat and the latest, always keenly watched, ...
Banking regulators will postpone their next meeting in another bid to agree on global capital rules, taking more time to try to overcome objections from European banks to minimum capital levels, people familiar with the talks said. The next meeting of the Basel Committee of banking supervisors was set for mid-September but it is now expected in early October, the sources said. The Basel Committee, which has been trying to reach a deal since last year, had no comment.
Societe Generale (Swiss: 519928.SW - news) reported lower second-quarter profits on Wednesday, missing out on an equities trading surge that benefited rivals including BNP (Paris: FR0000131104 - news) Paribas and Natixis (LSE: 0IHK.L - news) . SocGen (Paris: FR0000130809 - news) 's equity trading revenue fell more than 3 percent while BNP Paribas (LSE: 0HB5.L - news) last week reported a 25.7 percent rise in its equities and prime services business which serves hedge funds and Natixis's revenue from equity trading was up 33 percent.
Net profit of the French bank Societe Generale tumbled by over a quarter in the second quarter of 2017 due to the cost of settling a lawsuit with Libya's sovereign wealth fund
Morgan Stanley, Royal Bank of Canada and three other banks agreed to pay a combined $111.2 million to settle U.S. litigation accusing them of rigging prices in the roughly $5 trillion-a-day foreign exchange ...
A partnership between Belgium-based settlement provider Euroclear and U.S. startup Paxos to develop a blockchain-based service for the London gold market has been dissolved, the companies said on Thursday. The joint (Frankfurt: 1JO.F - news) venture, which had been announced in June 2016, aimed to develop a new system to settle London bullion by using Paxos' Bankchain technology. Euroclear, one of the world's largest settlement houses, will no longer be working with Paxos on the project, Christine (HKSE: 1210-OL.HK - news) Vanormelingen, global head of communications and investor relations at Euroclear, said in an interview.
Societe Generale had been slow to release information to Tracfin, the economy ministry body that tracks the movement of money that could be used to finance terrorism
French bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France's finance minister, ...
French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation. The banking lobby said on Friday that it had told French Finance Minister Bruno Le Maire in a meeting that French banks would "naturally" choose Paris to relocate staff.
France will use "all means" to make Paris Europe's main post-Brexit financial capital, Prime Minister Edouard Philippe said on Tuesday, while international bankers said they wanted to see if such pro-business reforms would stick over time. Eager to attract banking jobs leaving London, Philippe has pledged to reduce the cost of employing financial services staff in France and also committed to keeping the regulatory burden on finance companies competitive. "The message I want to share with you is clear and it is simple: the French government is committed to boost Paris' attractiveness by all means," Philippe told a banking conference in Paris, presenting the package of reforms which includes a cut to payroll tax on high-earning bankers.
Oil futures ended slightly higher on Thursday, extending crude's rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased concerns about deepening oversupply. U.S. crude futures settled up 19 cents at $44.93 a barrel after hitting a two-week high of $45.45 in late-morning trading.
Noble Group's main banks are in talks to decide whether to give the commodity trader an extension on its credit line or force it into a restructuring or liquidation, the Financial Times newspaper said on Tuesday, citing sources with knowledge of the discussions. Banks including HSBC, Societe Generale (Swiss: 519928.SW - news) , ABN Amro, Citigroup (NYSE: C - news) and ING, have appointed legal advisers to consider the case for extending the $2 billion line of credit, "so the Hong Kong-based company can continue its lengthy search for a major new investor to recapitalise the business", the FT said.
Societe Generale will sell up to 23 percent of its car leasing arm ALD Automotive in an initial public offering this month, the French bank said on Monday, potentially raising as much as 1.6 billion euros ...
BNP Paribas (LSE: 0HB5.L - news) may move up to 300 London investment bank staff due to Britain’s European Union exit, depending on how clients adapt and on the French bank's efforts to win new British business, a source told Reuters. Britain's vote to leave the EU has forced global banks to examine where to move, given they expect to lose the necessary "passporting" licence to operate on both sides of the Channel. The largest global banks in London plan to shift thousands of jobs to the continent over the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape.
For global banks, China's new "Silk Road" is a tantalising concept: billions of dollars in deals, loans and advisory fees, and a cosier relationship with Beijing for those who step up. Dozens of senior international bankers turned up at the weekend for a Beijing summit to promote China's "Belt and Road" initiative, an ambitious plan to open new trade corridors across the globe using roads, power lines, ports and energy pipelines.
** Shares of lowcost carrier extend Tuesday's losses as brokers weigh in on bigger than expected H1 loss ** Shares down 1.3 pct near bottom of FTSE 100 after at least 3 brokers cut rating by 1 notch ** ...
PARIS/LONDON, May 9 (Reuters) - European banks are privately warning they will have to shift thousands of people out of Britain if Brexit negotiations push the Bank of England to demand that they reinforce London operations with fresh capital, executives have told Reuters. Three big European banks - Deustche Bank, BNP (Paris: FR0000131104 - news) Paribas and Societe Generale (Swiss: 519928.SW - news) - currently operate some of their sizeable activities in Britain through a branch structure, which requires lower capital requirements.
France’s two biggest banks took market share from investment banking rivals in the first quarter, led by a revival in equities revenues for BNP Paribas. BNP Paribas reported a 20% rise in revenues at its corporate and institutional banking division, in line with US peers and better than most European rivals.