Societe Generale SA

Societe Generale <SOGN.PA> will adapt its business to the conditions created by the coronavirus crisis and to ensure it changes the market view on the French bank's financial path, its Chief Executive Frederic Oudea said.

France's third-biggest bank Societe Generale said on Wednesday evening it would publish first-quarter results on April 30 before market opening, instead of May 6.

France's Societe Generale said it was committed to guaranteeing the salaries of its 140,000 staff around the world during the coronavirus crisis and that it would not require any assistance from the state.

* MAKES AVAILABLE LOANS WITH THE FRENCH STATE GUARANTEE TO ITS CLIENTS

French investment bank Societe Generale SA's Australian securities arm has been charged with criminal offences for allegedly failing to separate its clients' money from its own, Australia's corporate regulator said on Wednesday.

French bank Societe Generale said on Tuesday that the company does not expect to issue any specific communication relating to the impact of the coronavirus outbreak on its results for the first quarter of the year.

France's third-biggest bank Societe Generale <SOGN.PA> is cutting more than 100 support function roles in its British business, in a cost-cutting plan that extends a broader group efficiency drive announced last year.

Societe Generale <SOGN.PA> joined on Thursday a growing list of European banks cutting or missing key financial targets as they struggle to grow on the back of negative interest rates and volatile trading volumes.

Societe Generale, France's third-biggest bank, boosted its capital in the fourth quarter following asset sales and revealed the possibility on Thursday of a share buyback as quarterly revenue rose.

Societe Generale, France's third-biggest bank, boosted its capital following asset sales in 2019 and said on Thursday that it would introduce a new shareholder remuneration policy in 2020 that would include a possibility of share-buybacks.

French bank Societe Generale <SOGN.PA> has agreed to sell its Nordics-based SG Finans division to Helsinki-headquartered Nordea Bank <NDAFI.HE> for 575 million euros ($634 million) as part of a wider asset sales plan.

Societe Generale SA on Wednesday named Gaëlle Olivier as its new Asia Pacific chief executive officer, replacing Hikaru Ogata who is leaving the French bank to pursue external opportunities.

France's Societe Generale <SOGN.PA> raised its capital ratio on Wednesday, giving its shares a lift despite a profit fall and some parts of its trading business lagging rival banks.

Societe Generale, France's third-largest listed bank, reported a 34.8% drop in quarterly net profit, marked by weakness in its trading and investment banking business.

France's Societe Generale <SOGN.PA> has put its leasing unit in the Nordics up for sale as part of a plan to exit non-strategic businesses and keep capital ratios strong, two sources familiar with the matter told Reuters.

Societe Generale <SOGN>PA>, France's third-biggest lender, is to present a new restructuring plan to unions on Sept. 20 that could affect 20 percent of retail banking employees in the country, business magazine Challenges reported on Wednesday.

Shares of Societe Generale <SOGN.PA>, France's third-largest bank by market capitalisation, jumped on Thursday after it hit its solvency target a year early, easing investor concerns it would have to raise more capital.

Societe Generale, France's third-largest bank in terms of market capitalization, posted lower second quarter net profits after earnings were impacted by restructuring costs at its corporate and investment banking unit.

The family of the former owners of a Cuban bank seized by Fidel Castro's government nearly six decades ago sued Societe Generale <SOGN.PA> for approximately $792 million, saying the French bank owes damages for circumventing U.S. sanctions against Cuba.