Societe Generale SA is planning its second sale of junior bonds that meet new bank capital rules a week after investors bought similar securities from Barclays Plc and Credit Suisse Group AG.
Societe Generale SA has become the 12th founder bank to join Tradition’s ParFX electronic currency- trading platform, an alternative to ICAP Plc’s EBS and Thomson Reuters FXall.
Societe Generale SA’s Ghana unit sold three branches and five agencies to HFC Bank Ghana Ltd. as earnings growth lags behind industry peers.
(Corrects to clarify name of unit in first paragraph.)
Societe Generale said today it’s closing spread trades on Chicago Board of Trade corn and soybean futures, after the bets on narrowing spreads reached the bank’s targets.
Top legal officers of all 50 states opened a joint investigation into home foreclosures , saying they will probe practices at banks and mortgage companies.
Chinese companies traded on the Hong Kong stock market will slide the most in five years in 2013 as an economic slowdown weighs on profits and banks curtail credit, according to Societe Generale SA.
Societe Generale SA, France’s second-largest bank by market value, is considering selling its Asia private banking unit, said four people with knowledge of the matter.
Societe Generale SA’s private banking unit aims to double its Asian assets under management in the next five years, French daily La Tribune reported.
Societe Generale said it has started its Alpha X electronic trading platform in Hong Kong and plans to expand the system to Australia and Japan, according to a press release.
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