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Societe Generale, one of the largest banks in France, warned of a decline in global banking revenue in the fourth quarter of 2018. In a press release, the company reports that the decrease in revenue in the last quarter of the year was 20% against the figure for 2017 and 10% in annual terms. The global banking division includes investment banking, equity transactions and asset control. Revenue data from overseas retail and finance services, as well as corporate services, will be more encouraging. The financial results of the French retail business will repeat the bank’s forecasts, the SG press service reports. The results of October-December for the bank will demonstrate a loss of 240 million euros. The first tier capital adequacy forecast in the last quarter of 2018 reached 11.4% -11.6%. SG management will pay out an annual dividend of 2.2 euros per share. Bank depositors will be able to receive dividend payments in the form of shares.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Gold traded lower earlier on Wednesday in Asia even as the new COVID-19 cases continue to increase globally. However, gold prices still remained above the benchmark $1,800 level. Gold futures slipped by 0.18% to $1,806.6 per ounce at 12:48 ...
The outlook for major global housing markets was monitored at a weak level. This could be attributed to pressing factors including unemployment surge, lockdown restrictions, and low immigration over the coming year, a Reuters survey showed. Fears ...
Asian stocks and Wall Street futures plunged on Thursday as surging coronavirus cases seen in the United States and China dampened market mood. This also underscored a longer recovery period for the global economy. S&P 500 mini futures ...
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