Societe Generale : Solvency improves but generation of capital remains uncertain
>Welcome catch-up on solvency - Société Générale has regained some leeway on an issue that has been worrying investors.Thanks to divestments and a better use of its RWA, CET1 improved from 11.2% at end-2018 to 11.7% at end-Q1 2019.Changes to the scope of consolidation that have already been put in place will contribute an additional 15bp. As a result a CET1 of 12.0% appears far more achievable, even factoring in restructuring charges and negative regula...Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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