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Over the first half, the Group recorded net income of €2.15 billion. These good figures were presented shortly after the publication of the results of the stress tests of 91 European banks, results that confirmed the financial solidity of the main four French banks, including Societe Generale.
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
Bank officials claim that throughout 2007, Kerviel had been trading profitably in anticipation of falling market prices; however, they have accused him of exceeding his authority to engage in unauthorized trades totaling as much as €49.9 billion, a figure far higher than the bank's total market capitalization.
Newedge Group is a global multi-asset brokerage that was formed in 2008 from the merger of Fimat and Calyon Financial, the brokerage arms of French financial companies Société Générale and Credit Agricole, respectively. It offers execution, clearing, and prime brokerage services.
Those words, from the pen of the loquacious Albert Edwards of Societe Generale, shocked the Wall Street analyst set last April and set Alberts on his way to becoming a financial press favorite for ...
The banking industry in France has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt.
Amundi's funds are primarily distributed through the banking networks of its majority shareholders: Crédit Agricole, LCL (a subsidiary of Crédit Agricole), Société Générale and Crédit du Nord (a subsidiary of Société Générale), [11] which collectively comprised more than 70% of Amundi's net inflows at inception, with the remainder being drawn from institutional investors.
TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as foreign investors and high-net-worth individuals. [5] In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group. [6] [7]