Société Générale Commits to 50% Reduction in Oil and Gas Exposure by 2025, Doubling Previous Target

2023-09-18 09:11:56 By Le Figaro with AFP Published 3 hours ago, Updated 12 minutes ago Banks are very often singled out by NGOs for their participation, through the financing of large groups and new oil projects, in climate change. GONZALO FUENTES / REUTERS Until now, the group’s ambitions have consisted of a 20% reduction in … Read more

Deutsche Bank quantifies its Russia risks for the first time

A day before CEO Christian Sewing presents his new strategy, the money house is now trying to calm investors. “Our direct risk positions are currently very limited and are strictly managed,” said risk director Stuart Lewis in a statement on Wednesday evening. “We are closely monitoring and evaluating the second and third round effects arising … Read more

Big banks attack manufacturers’ business

Volkswagen Financial Services In Braunchsweig, people have so far been relaxed about the growing competition (Photo: Press photo) Frankfurt December 2021: The car group Stellantis, which emerged from the merger of Fiat Chrysler and PSA, announces that it will found a leasing provider together with the French bank Crédit Agricole. The goal: a fleet of … Read more

Société Générale achieves record profit in 2021

Société Générale in Paris Société Générale is France’s third largest listed bank. (Photo: Archyde.com) Frankfurt Crédit Agricole and Société Générale have left the corona crisis behind. The two big French banks have significantly increased their profits over the past year. They shared that on Thursday morning. Société Générale, for example, posted a record profit of … Read more

US stock exchanges stabilize after the sell-off – banks on the up

Dealers on Wall Street (Photo: AP) New York The US stock exchanges closed on Thursday after a volatile course with slight price losses. After the initial shock about a possible sharper tightening of US monetary policy, some calm returned to Wall Street in early business. In late trading, moderate sales set in again. The US … Read more