Bloomberg Societe Generale SA plans to cut as many as 700 jobs in Paris and eliminate hundreds more positions in London and New York after experiencing a difficult first-quarter in investment banking, people with knowledge of the matter said. The French bank is speeding up staff reductions at its headquarters after tough trading conditions persisted into the new year and …

Bloomberg A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a multibillion dollar money-laundering scandal forces top-level changes. Lars Idermark has decided to leave Sweden’s oldest bank and biggest mortgage lender with immediate effect, Swedbank said in a statement. That follows a March 28 announcement that CEO Birgitte Bonnesen had …

Bloomberg Commerzbank AG Chief Executive Officer Martin Zielke, almost three weeks into formal discussions about a combination with Deutsche Bank AG, is lobbying hard to overcome internal opposition to the idea. The lender doesn’t have the market share needed for costly investments to pay off, Zielke told employees in a memo. Low interest rates are squeezing profits, regulatory expenses have …