Frederic Oudea, chairman and chief executive officer of Societe Generale SA, defended Vladimir Putin’s handling of the crisis and said he doubts the Russian president will impede the French bank’s expansion there.
In a locked room on the 33rd floor of Societe Generale SA’s 36-story headquarters in western Paris, members of the bank’s fraud control team peer at their computers, scrutinizing the trades being executed by dealers in eight trading rooms on the floors below.
Companies including Carlsberg A/S and Societe Generale SA said business in Russia is more challenging, as tension over the Ukraine standoff and a falling ruble hurt a market that has been a pillar of European growth.
Societe Generale SA Chief Executive Officer Frederic Oudea said global plans to list banks deemed systemically important and make them hold extra capital may backfire by creating more lenders that are too big to fail.
Societe Generale SA, France’s second-largest bank by market value, would be able to meet tougher leverage rules by reducing its cash deposits at central banks, Chief Executive Officer Frederic Oudea said.