French banking giant Societe Generale is making “strategic adjustments” among key business lines and has set in motion changes that will likely result in a layoff of 1,600 positions globally. At the same time, the firm wants to jolt operational efficiency and wants “dedicated operations and IT entities” to hasten their digital transformation according to… Read More >>
SocGen CIB Acquires Stake in GMEX
Societe Generale Prime Services – formerly Newedge – reports that it has acquired a minority stake in Global Markets Exchange Group International (GMEX Group). The Societe Generale investment follows the recent taking of a minority stake in GMEX Group by Deutsche Börse Group. Societe Generale “plans to provide execution and clearing services for clients trading… Read More >>
