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Top related persons:
Gonzalo Fuentes - 1 Generali - 1 SocGen - 1 Blockchain - 1 Mathieu Rosemain - 1 Bernadette Baum - 1
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La Paris France Santander
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Societe Generale - 1 La Defense - 1 REUTERS - 1 Rights - 1 AXA Investment - 1 AXA - 1 Generali Investments - 1 European Investment Bank - 1

Search resuls for: "Goldman Sachs Bank Europe"


2 mentions found


☆ SocGen issues 10-mln-euro digital green bond on a public blockchain
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +2 min
A logo of French bank Societe Generale is seen on the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Dec 4 (Reuters) - Societe Generale , France's third-biggest listed bank, said on Monday it issued its first so-called digital green bond on a public blockchain, as the lender seeks to build expertise in crypto services. AXA IM made the investment in the digital green bond by acquiring and then spending 5 million euros worth of SocGen's euro-denominated stablecoin, EUR CoinVertible (EURCV). SocGen's bond issuance, made on the Ethereum public blockchain, follows the launch last week by the European Investment Bank (EIB) of its second euro-denominated digital bond on a private blockchain, in partnership with Goldman Sachs Bank Europe, Santander and SocGen. SocGen's digital green bond issuance was made via its crypto unit, Forge.
Persons: Gonzalo Fuentes, Generali, SocGen, Blockchain, Mathieu Rosemain, Bernadette Baum Organizations: Societe Generale, La Defense, REUTERS, Rights, AXA Investment, AXA, Generali Investments, European Investment Bank, Goldman Sachs Bank Europe, SocGen, Thomson Locations: La, Paris, France, Santander
☆ Goldman fined $7 million by ECB over credit risk reporting
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +1 min
FRANKFURT, May 15 (Reuters) - The European Central Bank said on Monday it had fined Goldman Sachs' (GS.N) European unit 6.63 million euros ($7.3 million) for underreporting the risk associated with some corporate credit, thereby flattering its balance sheet. The ECB, the euro zone's top banking supervisor, said Goldman Sachs Bank Europe misclassified some corporate exposures for eight straight quarters in 2019-21, assigning a lower risk to them than the rules prescribe. Goldman Sachs did not immediately respond to a request for comment. So called risk weights determine how much capital a bank needs to cover the risk associated with an asset. By attaching lower risk weights to some assets, Goldman Sachs Bank Europe "reported higher capital ratios than it should have done", the ECB said.
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