Societe Generale
Emerging versus developed
Duggan Asset Management is offering a three-year-and-11-month simple growth product that plays emerging against developed markets equities. The product is 95% capital protected and incorporates final averaging
House of the year - Société Générale
In a year when staff levels came under siege, Société Générale (SG) maintained headcount and suffered no major exodus of talent.
New US rates and forex derivatives heads at SG
Peter Toolan and Anna Faustini have joined Société Générale's US interest rates and foreign exchange derivatives team for corporates.
SocGen launches into US deposit space with Wells Fargo certificate
Société Générale (SG) has wrapped its proprietary long short strategy, Wise, into a certificate of deposit (CD) issued by Wells Fargo. The CD links to a volatility controlled version of the strategy, the SGI Wise US Vol Target 8% Excess Return Index.
Mustier leaves Société Générale after insider-trading investigation
Jean-Pierre Mustier, the former head of Société Générale Corporate and Investment Banking (SGCIB), has left the firm after the Autorité des Marchés Financiers (AMF) launched an investigation against him for insider trading.
HBOS deal leads Lloyds to £3.96 billion loss
Lloyds Banking Group made a pre-tax £3.96 billion loss on a pro forma basis in the first half of 2009, primarily due to losses on commercial real estate assets held by HBOS, which it acquired in January.
Banks' own credit risk hampers financial results
Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks'…
Société Générale launches new listed income product
Société Générale has issued a new listed plan, which guarantees to pay an income higher than a traditional savings account. The FTSE Income Protection 3000, which is listed on the London Stock Exchange, provides investors with a fixed income of £17, or 1…
French and German banks to launch Sepa rival to Visa and MasterCard
Daily news headlines
Negative repos distort dividend hedging strategies
Abnormally low repurchase rates are forcing banks to hedge their dividend exposures with swaps instead of forwards.
Leading lights
As Structured Products magazine celebrates its fifth anniversary, the time is right to take a look back a mere 15-20 years to when it all began, and to interview a selection of 10 pioneers who created and fostered the business from its European…
SG launches tradeable dividend exposure in UK
Société Générale (SG) has launched four new certificates on the London Stock Exchange (LSE) giving exposure to the dividends of companies included in the FTSE 100 and Dow Jones Eurostoxx 50 indexes.
The trace race
The concept of traceability has been a great success in the food industry. Would its adoption by the structured products industry be the quickest way to restore confidence in European markets and help a shattered banking sector? Participants at last…
CDSs on UK financials widen
The cost of credit protection on major UK banks rose this morning. The move came on the back of Standard & Poor's putting UK sovereign debt on negative ratings watch last week.