SCGLF News and Press, Societe Generle Ord From 06/07/22

Societe Generale (OTCPK:SCGLF) (OTCPK:SCGLY) will use Fidelity National Information Services (NYSE:FIS) for the transformation of its derivatives and settlement technology as part of an extended agreement between the two firms. Under the pact, the investment bank and financial services group ...

Italian bank UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) is in early stage talks to sell its Russian unit to financial institutions as well as non-sanctioned firms that desire a bank license from within Russia, people with knowledge on the matter told Bloomberg Wednesday. Meanwhile, UniCredit ...

Strong results above analyst expectations. Positive tailwinds thanks to ALD. After the recent sell-off, we continue to see SocGen with a compelling valuation. For further details see: SocGen: We Reiterate Our Buy Rating

Societe Generale's strong 2021 momentum carried into Q1 2022, with reported underlying RoTE of 11.9%. The sale of Russian subsidiary Rosbank should result in a loss of tangible net asset value per share of about 2.42 EUR/share. However, the potential 915M EUR buyback could boost t...

Mixed results. Limited Russia exposure, HSBC is currently heavily investing in Asia with the wealth management being a key division to monitor. Concern on CET1, buyback suspended. Neutral rating. We prefer other banks such as SocGen and UBS Group AG. For further details see:...

The general rule is that the market always likes stability. In this sense, Macron's victory will likely be perceived positively by the market. Marine Le Pen promises a policy of protectionism, restrictions on migration and withdrawal from NATO. This will inevitably lead to conflicts w...

French bank Societe Generale (OTCPK:SCGLY)  to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, a firm linked to billionaire Vladimir Potanin and  a previous shareholder of Rosbank - WSJ. The transaction would result in ...

Russia-Ukraine war will have far-reaching consequences for world economies, with Europe’s banks inevitably impacted. But we believe a sell-off in European banks’ bonds could create some opportunities. Risks are concentrated in a few countries: Italy has about 21% of all ...

Limited Russia exposure. The French institute has enough capital buffer to sustain Russian margin loss. Lower cost of risk and strong results from ALD give this a buy with a TP at 30 euro per share. For further details see: SocGen: Time To Enter

Citigroup (C -2.5%) tops the list of global investment banks with the biggest exposure to Russia in emerging market fixed-income and currencies trading at $100M, reports International Financing Review. Goldman Sachs (GS -1.8%) and Societe Generale (OTCPK:SCGLF -5.6%) each lost ~$50M and JPMor...