Tag: Societe Generale

Capital and Risk, Credit

Citigroup downgraded on credit quality concerns, ‘disappointing’ margins

October 16, 2017


Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends […]

Capital and Risk, Macroeconomic

SocGen: Banking industry will never see pre-crisis profitabilty again

May 5, 2016


Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook, although its deputy chief executive warned that the industry would never return to its pre-crisis boom. France’s second-biggest listed bank […]