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SocGen's Investment Bank Limits Q1 Profit Plunge

SocGen's Investment Bank Limits Q1 Profit Plunge
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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BNP Paribas Profit Tops Estimates on Lower Costs and Global Banking

BNP Paribas Profit Tops Estimates on Lower Costs and Global Banking
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Co-founders of AllianceBernstein's Autonomous research quit ahead of SocGen venture

LONDON/PARIS (Reuters) -The three co-founders of AllianceBernstein's Autonomous research unit have quit, ahead of the U.S. investment firm merging its equities business with French bank Societe Generale. Stuart Graham, a highly regarded banks analyst who joined AllianceBernstein in 2019 after it bought the financial sector-focused research firm he co-founded, is leaving in March to take a six-month break from work, he told Reuters. The other two co-founders of Autonomous, Ed Allchin and Manus Costello, are also leaving, Graham said in an email. ....

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SocGen's new boss Krupa pledges to cut costs to boost profits by 2026

LONDON (Reuters) -Societe Generale's shares dropped more than 6% in early Monday trade after France's third-biggest 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. Slawomir Krupa took over in May, charged with reviving a bank that has slipped behind French leader BNP Paribas and some other European rivals amid a costly exit from Russia last year and concerns it is too reliant on volatile investment banking. "We are negatively surprised by lack of revenue growth, increased capital target, payout & ROTE cut, and by the lack of details," Jefferies analysts said in a note. ....

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'It's over': Twitter France's head quits amid layoffs

'It's over': Twitter France's head quits amid layoffs
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

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