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US housing starts hit three-year low; surge in permits point to underlying strength

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Single-family housing starts drop 4.3% in AugustSingle-family building permits increase 2.0%Overall housing starts plunge 11.3%; permits up 6.9%WASHINGTON, Sept 19...
Banking

Analysis: Societe Generale vision falls flat as Europe’s banks falter

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People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...
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