Société Générale (Socgen) and Paribas approved on January 31, 1999 a plan to unite their businesses. The new entity will be named SG Paribas and is expected to begin operations at the end of April 1999. Although the two banks will complete a full operational merger of their activities, both Société Générale and Paribas should remain separate legal entities. The new entity will have combined total loans of Euro 185 billion, total customer deposits of Euro 125 billion, total assets under management of Euro 220 billion and will become one of the five largest banks in Europe with total assets of Euro 679 billion. The proposed transaction will strengthen the newly formed bank’s investment banking operations thanks to an enhanced capital base and stronger market shares in chosen markets. It should also raise Socgen’s profile in specialized financial services, enhance its competitive position in corporate banking and further comfort its leadership in asset management operations.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more