Bank of America is set to cut investment banking jobs in Asia, including some top dealmakers, as a slowdown forces banks to cut costs.
With a cloud hanging over Europe's still-challenged banking sector, analysts are asking whether lenders should be delivering dividends at all.
Frederic Oudea, CEO of Societe Generale, discusses the company's earning results but says he is confident for the second half of 2016.
European markets finished deep in negative territory on Tuesday, as concerns over the health of the region's lenders continued to weigh on sentiment.
Bargain-hunters circling the U.K. property market after the post-Brexit plunge in sterling stand to get their fingers burned, analysts say.
Gold rose 1 percent and was headed for its fifth weekly gain, supported by a weaker dollar.
Societe Generale fired former trader Jerome Kerviel without real and serious cause, a French labour court ruled, ordering the bank to pay him $510,255.
Societe Generale warns of surprise events that could severely affect the world economy.
Risks to the world economy remain to the downside and include a sudden change to expectations regarding the Fed’s interest rate path, Societe Generale warned.
European stocks ended Wednesday sharply lower, after a raft of major earnings, a decline in mining stocks and renewed pressure on oil weighed on sentiment.
Séverin Cabannes, deputy CEO of Societe Generale, discusses banking and the affect of uncertainty in the regulatory environment.
Séverin Cabannes, deputy CEO of Societe Generale, shares his concerns for the banking sector going forward.
Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook.
Séverin Cabannes, deputy CEO of Societe Generale, discusses the bank's earnings and the outlook for growth.
European stocks finished Friday in the red as investors digested the latest earnings and China data, ahead of a key oil summit this weekend.
European markets closed higher Friday with investors reacting to price volatility in commodity markets and positive trade data from Germany.
An analyst at the bank says the slide in the US economy will trigger a 'tidal wave of corporate default.'
A government official is looking into the offshore accounts revealed in the Panama Papers.
A French minister has questioned the head of Societe Generale over the Panama Papers.
San Francisco Fed President John Williams believes global developments are preventing the world's largest economy from returning to normalized interest rates.