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Banking

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

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...
Banking

Hitachi seeks EU okay for Thales deal with asset sales in France, Germany

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Sept 18 (Reuters) - Hitachi (6501.T) has offered to sell assets in France and Germany in a bid to address EU antitrust concerns about its proposed 1.7 billion-euro ($1.8 billion) buy of Thales' (TCFP.PA) GTS railway signalling business, a Hitachi spokesperson said on Monday.The Japanese conglomerate submitted its remedy offer last week to the European Commission, which is expected to seek feedback from Hitachi customers and rivals before...
Banking

European shares ease, with central banks in focus; Lonza drops on CEO exit

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2023. REUTERS/Staff/File photo Acquire Licensing RightsSocGen shares drop after new strategy flags little growthSwiss drug ingredient maker Lonza's CEO to leave, shares fallNordic Semiconductor at bottom of STOXX on Q3 guidance cutECB's Stournaras urges govts to help tame inflation -reportSTOXX 600 down 0.4%Sept 18 (Reuters) - European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from...
Finance

EU opens race to run its huge investment bank EIB

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo Acquire Licensing RightsBRUSSELS, Sept 10 (Reuters) - Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent van Peteghem said on Friday, the first of several top European Union jobs which member governments will haggle over in the next 12 months.The government-owned EIB calls itself the world's biggest multilateral financial institution by assets and will be a key player...
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