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- EUROPEAN UNION
- Stock markets European shares snapped a five-session losing streak, as a 73 per cent surge in Barclays boosted embattled financials. Lloyds jumped 32 per cent, ING was up 27.8 per cent, BNP Paribas rose 16.9 per cent and Societe Generale gained 11 per cent. Oil shares tracked...
- Research articles 2009-01-27
- EUROPEAN UNION
- Stock markets European shares fell 2.4 per cent to a two-month closing low on mounting concerns that the financial sector will need more state help. Lloyds plunged 31 per cent, Barclays slid 18 per cent, KBC Groep fell 25 per cent, BNP Paribas was down 13 per...
- Research articles 2009-01-21
- EIB LOAN IN CZECH REPUBLIC.
- The European Investment Bank EIB granted, on 8 December, a loan of 100 million to SG Equipment Finance Czech Republic s.r.o., Societe Generale's lease finance subsidiary in the Czech Republic, to fund projects implemented by small and medium-sized enterprises, middle market companies and local collectivities. This...
- Research articles 2008-12-11
- EUROPEAN UNION
- Stock markets Shares closed sharply higher as commod-ities stocks jumped, tracking a surge in crude and metals prices, and banks rose on hopes of a rate cut by the ECB. UniCredit jumped 19.2 per cent, Societe Generale 11.2 per cent and BNP Paribas 5.6 per cent. HBOS...
- Research articles 2008-11-05
- EUROPEAN UNION
- Stock markets Stocks across the Continent snapped a five-day losing run as Volkswagen rocketed again on short-covering. VW surged more than 80 per cent; Porsche was up 9.9 per cent. But banks took a fresh beating. SocGen slumped more than 12 per cent; Credit Agricole was down...
- Research articles 2008-10-29
- EUROPEAN UNION
- Stock markets Oil shares surged and banks gained on signs of a thawing in interbank lending and the possibility of a second US stimulus package. But Societe Generale and BNP Paribas bucked the trend, falling 3 per cent and 1.9 per cent respectively. Germany's DAX rose 1.1...
- Research articles 2008-10-21
- Paris
- WORLD MARKETS The CAC-40 fell 163.7, or 3.8 per cent to 4,169, as banks plunged after US investment bank Lehman Brothers filed for bankruptcy protection. Societe Generale de France shed 9.6 per cent. Dexia and Credit Agricole were 9.2 per cent lower and BNP Paribas gave up...
- Research articles 2008-09-16
- BNP walks away from SocGen tie-up
- Business News IN BRIEF *French banking group BNP Paribas has walked away from bidding for beleaguered rival Societe Generale, which became the centre of frenzied takeover speculation after it suffered 4.9bn (3.9bn) losses from a rogue-trading scandal. BNP released a statement yesterday saying: "Given the persistent...
- Research articles 2008-03-20
- Europe
- WORLD MARKETS Shares snapped a five-day losing streak, powered higher by soaring commodity prices, hopes of an imminent bail-out for bond insurer Ambac and encouraging US service sector data. Banks and commodity stocks were the top-weighted gainers. Societe Generale rose 3.3 per cent and BNP Paribas 2.5 per...
- Research articles 2008-03-06
- Credit Agricole rules out major purchases after sub-prime losses
- Credit Agricole has ruled itself out of "significant acquisitions" after the credit crunch sent it slumping to its first quarterly loss since listing in 2001. The French bank did not close the door completely on a move for Societe Generale, however, saying it would "not remain indifferent" should the beleaguered...
- Research articles 2008-03-06
- This Month: Main News - European Giants Eye Bid For Troubled Societe Generale.(mergers releted news)
- The unauthorised trades that cost Societe Generale about 5bn ($7.2bn) have opened the bank to a possible takeover, with the names of several European banks being touted as potential acquirers. French duo Credit Agricole and BNP Paribas are believed to be the most...
- Research articles 2008-03-01
- Fitch Affirms $97.5MM & Downgrades $2.2B from 3 SocGen 2006 1st Lien Subprime Deals
- NEW YORK -- Fitch Ratings has taken the following rating actions on three Societe Generale Mortgage Securities Trust SGMST mortgage pass-through certificate transactions. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. Affirmations total $97.5 million and downgrades total $2.2 billion. In addition, $846.2...
- Research articles 2008-02-15
- French deal seen likely end to Societe Generale debacle: analysts
- PARIS AFP — Takeover talk swirled around Societe Generale bank on Friday, driving up its shares, with analysts expecting an all-French solution to its seven billion dollar rogue trader debacle. France's second-biggest bank, Credit Agricole, has reportedly asked two investment houses to advise it on a possible bid, a...
- Research articles 2008-02-01
- BNP Paribas hints it may bid for embattled rival SocGen
- BNP Paribas yesterday gave its first hint that it may bid for Societe Generale since its arch rival became vulnerable to takeovers in the wake of last week's rogue trading scandal. A spokesman for BNPP, which in 1999 had a bid for SocGen rebuffed, said: "We are studying...
- Research articles 2008-02-01
- BNP Paribas tops list of banks that could table bid
- It didn't take long for the speculation to begin. Just hours after Societe Generale revealed it had been victimised by a rogue trader who lost the bank an astonishing 4.9bn (3.7bn) on fraudulent trades, market watchers began speculating on who might swoop on the stricken bank. Indeed, despite...
- Research articles 2008-01-25
- WORLD MARKETS
- Europe Stocks across the Continent ended slightly higher, led by gains in fin-ancials after two key rate decisions came in as expec-ted, but investors feared inflation would deter future easing by central banks. The ECB kept rates steady but flagged price concerns, while the Bank of England cut...
- Research articles 2007-12-07
- WORLD MARKETS
- Europe European shares fell as banks once again bore the brunt of investor fears over the impact of the credit crunch, yet losses were limited by a bounce in techs and perceived safe havens such as food stocks. Societe Generale was down 1.8 per cent, while BNP Paribas...
- Research articles 2007-11-27
- Genius Products - Expands Credit Facility to up to $100 Million Led by Societe Generale
- Credit Line, in Addition to Improving Cash Flow Expected to Support Phased Expansion Strategy of Co-Productions, Distribution, Marketing, and Content Acquisitions Banking Consortium Includes Societe Generale and Alliance & Leicester Commercial Bank SANTA MONICA, Calif. -- Genius Products, LLC, a leading independent home entertainment distribution and content company,...
- Research articles 2007-11-05
- WORLD MARKETS
- Europe Stocks ended mixed as the ECB and Bank of England erred on the side of caution and kept their key interest rates unchanged. France's Societe Generale rose 2 per cent to pace an advance by banking stocks. Italy's Intesa Sanpaolo rose 1.4 per cent in sympathy and...
- Research articles 2007-10-05
- Europe
- WORLD MARKETS Europe Shares rallied with financial and commodity stocks spiralling higher after a sharp cut in US interest rates aimed at preventing an economic slowdown. Societe Generale gained 6.9 per cent and BNP Paribas climbed 5.1 per cent. Germany's DAX added 2.3 per cent...
- Research articles 2007-09-20
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