Societe Generale

SocGen spreads m-payment in Senegal encouraging deployment in Africa

June 28, 2010 - 8:50am | News | Mobile finances

Societe Generale presents a new mobile payments service in Senegal, Yoban'tel, that is open to anyone with a handset, who whether or not have a bank account and regardless of their network operator.

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Societe Generale leverages Finacle(TM) from Infosys Technologies

December 10, 2009 - 1:32pm | Banks and internet banks | News

Infosys Technologies Ltd., an IT-enabled business supplier, and Societe Generale, one of the largest financial services groups in the euro-zone, today announced the successful implementation of Finacle(TM) core banking, CRM, wealth management and consumer e-banking solution at Societe Generale (China) Limited, the first French bank offering a wide range of corporate, private and retail banking services in China.

ATM | e-banking | Finacle | Infosys Technologies | Societe Generale

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JP Morgan gives its preference to traditional credit-exposed banks

September 9, 2009 - 8:49am | Banks and internet banks | News

JP Morgan changed its preference to traditional, credit-exposed banks from investment banks after regulators pledged to toughen capital rules for financial institutions, Reuters reported Wednesday, quoting research by the bank.

Profitability for investment banks will likely fall by nearly a third over the long term because of the new measures, the Financial Times quoted a report by JP Morgan as saying.

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ING and Commerzbank lose while SocGen gains

February 18, 2009 - 10:02am | Banks and internet banks | News

Europe's largest banks, ING and Commerzbank, reported losses while Societe Generale that saw the worst stock and bond markets in more than a half century has gained a profit during the fourth quarter.

ING, the Dutch bank and insurer, has bore the greatest losses that amounted 3.71-billion-euro after the company posted a 2.48 billion euros profit in the previous quarter.

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Offshore Singapore, why so attractive?

February 2, 2009 - 1:54am | Analytics | Articles

Singapore is the 5th wealthiest country in the world in terms of GDP (PPP) per capita. Total GDP (PPP) as of 2007 accounts for $228.303 billion or $49,754 per capita. The state has foreign exchange reserves of more than US$177 billion. Singapore has always been an important strategic and economic center facilitating the world trade and providing its port for US military forces.

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French banks get $13.6 billion from the government

January 22, 2009 - 5:10am | Banks and internet banks | News

The decision, followed by a statement from Societe Generale, to provide banks with another $13.6 billion (10.5 billion euros) was based on the fact that top executives don't get a bonus for 2008. As bonuses are being withheld, the banks will also have to keep up their lending and are being urged to restrict dividend payouts to strengthen their capital. In the first round of the financing, the cash was provided to the country's six biggest lenders in the form of loans.

BNP Paribas | Citigroup | Credit Agricole | Societe Generale

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