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  1. SocGen shares slump after Slawomir Krupa cuts profit targets  Financial Times
  2. SocGen Strategy Update Disappoints Investors Amid Cuts to Targets  Bloomberg Television
  3. SocGen shares plummet after new CEO's strategy disappoints  Reuters
  4. SocGen IT staff face second big round of cuts in two years  eFinancialCareers
  5. SocGen Sees Bigger Capital Hit as ECB Probes Structured Products  Bloomberg
  6. View Full Coverage on Google News
French bank’s shares down 12.6% after new chief executive outlines ‘realistic path’

SocGen shares slump after Slawomir Krupa cuts profit targets | Financial Times

Societe Generale's shares plunged more than 9% on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.Societe Generale's shares plunged more than 9% on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.

SocGen shares plummet after new CEO's strategy disappoints | Reuters

Bloomberg - Are you a robot?

Slawomir Krupa's plan at the SocGen investor day looks nasty for tech staff.

SocGen IT staff face second big round of cuts in two years

Societe Generale was a high profile casualty among an eclectic batch of European stocks taking a battering at the start of the week.Societe Generale was a high profile casualty among an eclectic batch of European stocks taking a battering at the start of the week.

Societe Generale shares slump after revenue forecast disappointment - MarketWatch

A rock-solid and sustainable top tier European bank

Societe Generale: 2026 Strategic Plan - Société Générale

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Societe Generale SA is planning to halt lending to some new oil and gas projects, as part of an updated strategy unveiled on Monday.

SocGen Plans to Halt New Oil, Gas Loans in Strategy Update | Financial Post

Societe Generale SA is planning to halt lending to some new oil and gas projects, as part of an updated strategy unveiled on Monday.

SocGen Plans to Halt New Oil, Gas Loans in Strategy Update | Financial Post

The bank targets a revenue range of between €4.9bn and €5.5bn for Global Markets.The bank targets a revenue range of between €4.9bn and €5.5bn for Global Markets.

Societe Generale Presents Strategic and Financial Roadmap - Markets Media

-- The yen and yuan consolidated gains overnight Monday after the verbal steps by the Bank of Japan and China's central bank arrested their slide but the absence of follow-through tells a story of...-- The yen and yuan consolidated gains overnight Monday after the verbal steps by the Bank of Japan and China's central bank arrested their slide but the absence of follow-through tells a story of...

SocGen's Tuesday Outlook for Currencies, Bonds, Macroeconomics, Policy Events -September 12, 2023 at 08:11 am EDT | MarketScreener

Dragging down the healthcare sector, Novo Nordisk shares lost 2.4% after a report showed that U.S. drug regulators had recently issued a report detailing quality control lapses at the group's Clayton, North Carolina plant. Rising bond yields across the euro zone pushed rate-sensitive real estate stocks down 2.6% following hawkish remarks by European Central Bank policymakers after the central bank raised borrowing costs by 25 basis points last week.

Slump in SocGen, ECB policymakers' hawkish tone weigh on European stocks | Headlines

According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.”According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.”

Société Générale’s Equipment Finance Division Could Be Sold - Monitordaily

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In addition to the 2025 target, the bank said it plans to cut its upstream oil and gas exposure by 80% by 2030. View on euronews

Société Générale to halve oil and gas production by 2025

By Mathieu Rosemain LONDON (Reuters) -Societe Generale's new CEO Slawomir Krupa pledged on Monday to cut costs to boost profits by 2026 amid stagnatin...

SocGen’s new boss Krupa pledges to cut costs to boost profits by 2026 | 1450 AM 99.7 FM WHTC | Holland

Slawomir Krupa, who took the helm in May, said he aimed to build a "rock solid" bank and set achievable goals in a challenging environment marked by slowing economic growth. The bank said it would target a 9-10% return on tangible equity ratio (ROTE) in 2026, up from the 5.6% reported at the end of June. Both targets are slightly below previous pledges that saw ROTE reaching about 10% in 2025 and a payout ratio of 50%.Slawomir Krupa, who took the helm in May, said he aimed to build a "rock solid" bank and set achievable goals in a challenging environment marked by slowing economic growth. The bank said it would target a 9-10% return on tangible equity ratio (ROTE) in 2026, up from the 5.6% reported at the end of June. Both targets are slightly below previous pledges that saw ROTE reaching about 10% in 2025 and a payout ratio of 50%.

UPDATE 3-SocGen's new boss vows to cut costs to boost profits by 2026

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In August last year, the bank said it was aiming for average annual revenue growth of at least 3% for 2021-2025. ROTE Targets a 9 to 10% return on tangible equity ratio in 2026, up from a reported 5.6% ROTE at the end of June. Just over a year ago, SocGen was aiming for ROTE of 10% in 2025.In August last year, the bank said it was aiming for average annual revenue growth of at least 3% for 2021-2025. ROTE Targets a 9 to 10% return on tangible equity ratio in 2026, up from a reported 5.6% ROTE at the end of June. Just over a year ago, SocGen was aiming for ROTE of 10% in 2025.

Factbox-Key targets in SocGen's new strategy plan

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By Mathieu Rosemain LONDON (Reuters) -Societe Generale's shares plunged more than 9% on Monday after France's third-biggest listed bank said it expected ...

SocGen shares plummet after new CEO's strategy disappoints | SaltWire

LONDON (Reuters) - Societe Generale's new CEO Slawomir Krupa pledged on Monday to cut costs to boost profits by 2026 amid stagnating sales, in his fir...

Factbox-Key targets in SocGen’s new strategy plan | NewsTalk 610 AM & 103.9 FM

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