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☆ We expect more pressure on revenue this year, Société Générale CEO says
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect more pressure on revenue this year, Société Générale CEO saysFrédéric Oudéa, CEO of Société Générale, discusses its fourth-quarter and full-year results for 2022.

The reported group net income for the three months ending in December came at 1.16 billion euros ($1.24 billion), beating the analyst consensus of 834 million euros provided by Visible Alpha. SocGen's quarterly net income was however 35% lower than the same period a year ago, as the bank's hiked provisions for failing loans, which increased by close to fivehold to 413 millions in an uncertain economic environment. Group revenues were up by 4% to 6.89 billion euros in the fourth quarter, also beating the Visible Alpha consensus. Like its bigger French rival BNP Paribas(BNPP.PA), SocGen is enjoying higher revenues from debt and trading in volatile markets. It plans a 440 million-euro share buyback in 2023, on top of a cash dividend of 1.70 euro per share.

☆ French football president apologises for 'awkward remarks' on Zidane after backlash
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +3 min

Le Graet added he would not even pick up the phone if Zidane called, prompting a backlash and his subsequent apology. 'LACK OF RESPECT'France forward Kylian Mbappe was one of the first to voice his disapproval after Le Graet's comments were aired. "The statements by the president of the French Football Federation are inappropriate for someone holding such representation and are in themselves unsuitable." France's Minister for Sports Amelie Oudea-Castera was one of many politicians who reacted to Le Graet's comments, saying the president of the country's "biggest sporting federation" had crossed a line. French politician Pieyre-Alexandre Anglade had also demanded an apology from Le Graet, saying on Twitter: "Zidane is a monument of French football and sport.

☆ French federation president Laporte to step back from duties after trial verdict
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Dec 20 (Reuters) - The French Rugby Federation (FFR) said its president Bernard Laporte is stepping back from his duties after being sentenced on corruption charges but would remain in the role during his appeal process. Laporte received a two-year suspended prison sentence and a 75,000 euros ($79,582.50) fine after being found guilty in a trial for influence peddling and illegally acquiring assets. "In effect, Bernard Laporte remains president of the French Rugby Federation," the FFR said in a statement on Monday. The statement added that Laporte would meet with French sports minister Amelie Oudea-Castera on Thursday, and that an interim president would be appointed during Laporte's appeal process. Laporte also decided to "self-suspend" himself from his position as World Rugby vice-chairman after being sentenced.

☆ Société Générale CEO: We are seeing extraordinary changes in inflation and rates
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSociété Générale CEO: We are seeing extraordinary changes in inflation and ratesFrédéric Oudéa, CEO of Société Générale, discusses how the French bank has navigated the challenges caused by the pandemic and war in Ukraine.

☆ French sports minister urges national team to speak up in armband row
▼ + stars: | 2022-11-24 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

DOHA, Nov 24 (Reuters) - The French sports minister urged the national football team on Thursday to make themselves heard amid a row over FIFA's threat of sanctions for the "OneLove" armband. France are not among the seven teams, with French football federation (FFF) president Noel Le Graet saying it would "follow the guidelines of FIFA". "I think that FIFA's decision to ban the One Love armband will be talked about for a while. "Are there still spaces of freedom where our French team can continue to express their commitment to human rights? Asked if he would wear the armband ahead of France's opening game against Australia, which they won 4-1, captain Hugo Lloris had said, "FIFA organises the competition and defines a framework and rules.

☆ SocGen profit tops forecast but France lags
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: +2 min

This photo, taken on October 28, 2019, shows the logo of the Societe Generale bank, in Ouistreham, Normandy, France. Societe Generale , France's third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as market volatility boosted trading revenues. SocGen, which has appointed the head of its investment banking division as its new CEO from May 2023, said net income had come in at 1.5 billion euros ($1.46 billion)- well above a Refinitiv consensus forecast of 1 billion euros. The beat was driven by a 12% increase in Global Markets revenues, led by thriving trading in fixed income and currencies. The bank, which has seen a series of high-profile departures in recent weeks, said on Thursday it had appointed a new chief of risk.

☆ Société Générale Names New Chief Risk Officer
▼ + stars: | 2022-11-03 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Société Générale SA promoted a veteran banker to be its new group chief risk officer, as the French bank continues to navigate geopolitical uncertainties in Europe and a possible economic slowdown. Stéphane Landon, who has been Société Générale’s deputy chief risk officer since October 2020, will become the chief risk officer on Dec. 1, the bank said Thursday. He will succeed Sadia Ricke, who is leaving the bank at the end of this month to become the chief risk officer at Standard Chartered PLC in London. He served as Société Générale Americas’ chief financial officer in New York between 2018 and 2020, before taking the risk-officer position. He previously led the bank’s Americas business and worked on key market functions for Société Générale, including securitization and leveraged finance.

☆ Societe Generale says two senior executives to leave bank
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Societe Generale Private Banking is seen at an office building in Zurich, Switzerland March 25, 2022. REUTERS/Arnd WiegmannPARIS, Sept 23 (Reuters) - Societe Generale (SOGN.PA), which is seeking a new chief executive, said on Friday two senior female executives would be stepping down before the end of the year. France's third-biggest listed bank said Chief Risk Officer Sadia Ricke would leave on Nov. 30 and Caroline Guillaumin, the head of human resources and communication, would quit on Dec. 15. Ricke, a SocGen veteran, will become group chief risk officer of Asia and Africa-focused bank Standard Chartered, the London-based bank said in a separate statement. Register now for FREE unlimited access to Reuters.com RegisterRicke joined Societe Generale in 1994 and held a series of senior positions within the corporate and investment banking division before being appointed as chief risk officer last year.

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