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SocGen, StanChart Report Surge in Profits

SocGen, StanChart Report Surge in Profits

by | Aug 4, 2021 | Banks

SocGen reported a Q2 underlying group net income of €1.35bn ($1.6bn) vs. only €8mn ($9.5mn) in Q2 last year. For the half year, they reported net income of €2.65bn ($3.1bn), up 13.5% vs. 1H2019 and nil profits during the same period last year. The bank reported no...
SocGen, StanChart Report Surge in Profits

SocGen, ING and UniCredit Report Strong Q1 Results

by | May 6, 2021 | Banks

SocGen reported group net profits of €814mn, a sharp increase over 1Q2020 losses of €326mn. The bank’s equities business had its best quarter since 2015, with revenues rebounding 44% QoQ and Fixed Income & Currency saw revenues jump 51% QoQ.  Cost of risk stood at...
SocGen Looking to Sell Lyxor to Amundi or State Street

SocGen Looking to Sell Lyxor to Amundi or State Street

by | Mar 29, 2021 | Banks

French banking major Société Générale (Socgen) is said to be in talks with asset managers Amundi and State Street to sell its fund business Lyxor, as per sources. The two frontrunners emerged after Germany’s DWS and US firm Northern Trust dropped out. Amundi and...
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