Bloomberg Societe Generale SA is cutting about 25 investment banking jobs in Frankfurt as part of a companywide redundancy programme. The cuts affect the leveraged finance team as well as staff working on mergers and acquisitions, people familiar with the matter said. The French lender also closed the desk dedicated to advising on deals in the chemicals industry and a ...

Bloomberg Five years after Mario Draghi turned the world of European banking upside down, lenders are considering breaking a last taboo: Negative interest rates for the masses. Banks have long tried to pass on the cost of negative rates to corporations and wealthy individuals, but they’ve shied away from making regular folks pay to have money in the bank. Yet ...

Bloomberg Premium shoemaker Cole Haan, currently owned by private equity, is preparing for an initial public offering, following robust sales and profit growth. “Our management team is confident in the opportunities we have created for the Cole Haan brand and our business globally,” Chief Executive Officer Jack Boys said in a statement. “Based on the momentum we have generated in ...