Bloomberg Societe Generale SA is making a last-ditch effort to boost its performance after a trading slump threatened Chief Executive Officer Frederic Oudea’s targets. The French bank — recovering from regulatory probes that cost it billions of euros and a management reshuffle — plans to cut jobs in less profitable investment banking businesses to save at least 100 million euros ...

Bloomberg The head of Swedbank’s Estonian unit Robert Kitt is among three nominees who are in the running to replace central bank chief Ardo Hansson as the Baltic nation’s voting member on the European Central Bank’s Governing Council. The nominees, listed by the central bank’s eight-member supervisory board, also include deputy Governor Madis Muller and senior Finance Ministry official Marten ...

Bloomberg Metro Bank Plc fell the most since going public after applying an incorrectly low risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 39 percent and the bank’s bonds also fell on concern it will ...

Bloomberg Don’t be fooled by the Bank of England’s (BOE) recent unanimity — the debate will become more heated. While Brexit has split Britain down the middle, policy makers have voted 9-0 on interest rates for the past four meetings and generally stayed quiet on the outlook as the UK’s impeding divorce from the European Union becomes more fraught. Governor ...

Bloomberg It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co. “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements,” JPMorgan’s chair of global research, Joyce Chang, said in an interview. “The ...

Dubai / WAM Dubai Land Department (DLD) launched its real estate promotion plan for the Real Estate Investment Promotion Investment Management Sector during a press conference held on Tuesday in presence of HE Sultan Butti bin Mejren, Director General of DLD. During the conference, Majida Ali Rashid, CEO of the Real Estate Investment Promotion Investment Management Sector at DLD, discussed ...

Bloomberg US equities were mixed following gains in Europe as investors weighed the latest corporate earnings and the chances of a trade breakthrough between the world’s biggest economies. Industrial companies led advances as 3M Co struck an optimistic tone after reporting a profit that beat estimates, while technology stocks dragged on major US indexes. Almost all sectors climbed in the ...

Bloomberg Indian stocks fluctuated as investor concerns over the financial vulnerability of local companies emerged ahead of the federal budget this week. Shares in major Asian markets were in the red after their US counterparts retreated on signs of slowing global growth. The S&P BSE Sensex fell 0.2 percent to 35,592.50 at the close in Mumbai after swinging between gains ...

Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills. The Icaro has become an unlikely but telling symbol of Venezuela’s woes. And it shows ...

Bloomberg Adani Gas Ltd surged the most in nearly two months after India’s top court nullified orders restricting its network expansion. Shares jumped as much as 6.8 percent to 94.55 rupees, the biggest intraday gain since December 5, before paring its advance to 3.4 percent in Mumbai. The benchmark NSE Nifty 50 index was little changed. A two-judge Supreme Court ...