SCGLF News and Press, Societe Generle Ord From 07/19/19

Almost a year ago, we discussed " The European Bluff, Take I " around the ECB decision to stop injecting money to the European markets ( VGK , EZU , HEDJ , FEZ , IEUR , BBEU , IEV ) at the end of 2018. We wrote (in a handful of articles) that there's no way the ECB will be able to stay o...

The Bank of England sends another warning The Bank of England published its quarterly Financial Stability Report this week. It's an excellent publication for anyone interested in issues pertaining to global banking and financial markets. Once again, there is a feature article on the risk...

EBA impact study - The stuff of nightmares The European Banking Authority (EBA) this week published the results of an impact study to assess how Europe's banks will fare under the new global capital standards known as Basel IV. Basel IV was agreed by global banking rule-setters (the Base...

Credit Agricole's new Medium Term Plan - try not to yawn Credit Agricole (OTCPK: CRARF , CRARY ) presented a new 3-year business plan to the market on 6 June. It was greeted with widespread indifference by investors and the stock price hardly budged. This is not a surprise since the earn...

Introduction In this week's edition of Focus on Europe, we are zooming in on Galp Energia ( GLPEF ) ( GLPEY ) , a Portuguese vertically integrated oil and gas producer (and refiner). The oil price moved up in the first quarter of the year after an abysmal Q4, and as Galp continues to exp...

A curious beast Credit Agricole (CRARF) (CRARY) is an acquired taste. It is often viewed as just a bit "too French" by non-French investors, and this is reflected in its share ownership statistics, which show it is 80% owned by French investors and only 20% owned by non-domestic shareholders...

Barclays remains in the doldrums Shareholders in Barclays (NYSE: BCS ) have had a pretty lackluster year so far, with the share price rebounding by only 5% from its December lows over a period where UK peers like Lloyds (NYSE: LYG ) and RBS (NYSE: RBS ) are up 10-20%. Many of its continen...

The middleman who admitted to paying bribes over trades he helped broker between Deutsche Bank ( DB -1% ) and a Dutch housing company said he was also getting commissions from other banks including Barclays ( BCS -2.1% ), Citigroup ( C -1.1% ), Societe Generale ( OTCPK:SCGLF ), and B...

Introduction While most European banks have been getting their acts together in the past five years, I was still a bit reluctant to invest in French banks as they restarted paying dividends a little bit too soon, resulting in the banks needing more time to effectively improve their balance...

No end in sight to the restructuring SG’s CEO Frederic Oudea is one of the longest serving bank CEOs in Europe having taken over the top job way back in 2008. But stability of management hasn’t led to stability of strategy and it is somewhat remarkable that the company still...