Tuesday 16 September 2014
 
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SocGen

SocGen faces $1.5bn Libya bribery lawsuit

Libya's sovereign wealth fund has filed a $1.5 billion lawsuit against Societe Generale, accusing it of funnelling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi.

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SocGen mulls sale of Asia private bank

Societe Generale, France's No.2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit

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SocGen shuns Goldman missteps with $300m sukuk plan

With its plan to issue up to 1 billion Malaysian ringgit ($305 million) of Islamic bonds, Societe Generale appears to be avoiding missteps made by Goldman Sachs in an ill-fated attempt to sell sukuk two years ago

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Oil could hit $150 if Syria war spreads: SocGen

Brent crude oil is likely to rise towards $125 a barrel if the West launches air strikes against Syria and could go even higher if the conflict spills over into the rest of the Middle East, Societe Generale said on Wednesday. Mich

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SocGen plans $300m sukuk in Malaysia

Societe Generale will launch a 1 billion ringgit ($300 million) Islamic bond programme in Malaysia, two sources familiar with the deal told Reuters, becoming the second major European bank to issue sukuk and the first to do so in Asia.

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QNB takes over SocGen's Egyptian unit

Qatar National Bank (QNB) Group said it has completed the acquisition of a controlling stake of 97.12 per cent in National Société Générale Bank - Egypt (NSGB), a unit of top French lender Societe Generale.

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QNB eyes Turkish buys after SocGen deal

Qatar National Bank, which is buying Societe Generale's Egypt arm for $2 billion, is looking at taking a majority stake in one of Turkey's top ten lenders, its chief financial officer said on Thursday. QNB, which bid to bu

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Qatar gives SocGen an honourable exit from Egypt

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) Qatar has given Societe Generale an honourable exit from Egypt. State-backed Qatar National Bank will buy the French bank's 77 percent stak

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SocGen sells Egypt arm to QNB for $2bn

  Societe Generale will sell its majority stake in Egypt's National Societe Generale Bank to Qatar National Bank for $2 billion, as part of the French bank's bid to meet new capital requirements.  

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SocGen nears sale of Egypt arm to QNB

  Societe Generale is close to reaching a final agreement on selling its majority stake in its Egyptian banking arm to Qatar National Bank (QNB), sources aware of the matter said on Monday.   The Qa

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