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Stock Market & Financial Investment News

News Breaks
December 19, 2012
06:55 EDTSCGLYSociete Generale loses U.K. suit against former banker, Reuters reports
The U.K. Supreme Court ruled that Societe Generale (SCGLY) fired Belgian banker Raphael Geys, its former managing director for European fixed income sales, without proper notice in 2007 and that he was entitled to extra bonus payments. The lawsuit could cost the bank up to $26M, reports Reuters. Reference Link
News For SCGLY From The Last 14 Days
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March 13, 2015
13:55 EDTSCGLYRBS favors Union Bancaire Privee in Coutts auction, Bloomberg says
RBS (RBS) has decided that Union Bancaire Privee is its preferred bidder for Coutts and a deal may be reached as soon as this month, reports Bloomberg, citing people with knowledge of the matter. The sources say RBS is also considering Credit Suisse (CS) as well as a joint bid by Societe Generale (SCGLY) and DBS (DBSDY). The agreement has been held up by a German investigation of Coutts, the HSBC tax evasion scandal, and price negotiations due to the Swiss franc, said the sources. Reference Link

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