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Societe Generale

All articles tagged with #societe generale

finance1 year ago

"Analyst Warns of Impending Recession and Questions AI's Market Influence as Potential Bubble"

Société Générale’s chief global strategist, Albert Edwards, known for his skepticism, is now questioning the hype around AI driving a surge in corporate profits and stock market highs, suggesting that loose monetary policy may be the real driver. Edwards, who previously coined the term "greedflation," believes that the current narrative of an AI-driven profit surge lacks sufficient earnings growth to support it. He argues that the stock market rally may be more about Fed-induced liquidity than AI, as monetary policy remains loose despite efforts to tighten it.

via Fortune|
#ai#albert-edwards#finance
financestock-market1 year ago

"Tech Bubble Trouble: Is the Stock Market Overheating?"

Albert Edwards, the strategist who predicted the dot-com bubble, warns that concentration in the tech sector now exceeds levels seen before the 2000 crash, with earnings not keeping up with investors' expectations. While some argue that tech firms now have solid fundamentals, others see parallels between the current market and the dot-com bubble, including elevated valuations, investor FOMO, and detachment from fundamentals. The debate continues on whether tech stocks are in a bubble that's due to burst, with potential for continued outperformance if the economy remains resilient, but caution from Edwards about potential ugliness if the macro picture changes for the worse.

via Business Insider|
#earnings-expectations#financestock-market#investment-strategy
finance2 years ago

Société Générale and Brookfield unite for €10bn private credit fund

Société Générale is set to collaborate with Brookfield for the creation of a €10bn private credit fund, as the French bank aims to expand its alternative asset management business. The partnership will focus on providing financing solutions to companies in need of capital, with a particular emphasis on the real estate sector. This move is part of Société Générale's strategy to diversify its revenue streams and strengthen its position in the asset management industry.

via Financial Times|
#brookfield#euro10bn#finance
cryptocurrency2 years ago

Societe Generale's Crypto Division Launches Euro Stablecoin on Ethereum

Societe Generale's crypto division, SG Forge, has launched a stablecoin called EUR CoinVertible (EURCV) on Ethereum, which is the first euro-pegged stablecoin deployed on a public blockchain. The stablecoin will be offered to institutional clients as a settlement asset for on-chain transactions and a means for on-chain liquidity funding and refinancing. SG Forge won registration from France's Autorité des Marchés Financiers (AMF) to offer cryptocurrency trading and custody services last September.

via CoinDesk|
#cryptocurrency#ethereum#euro
finance2 years ago

French Banks Raided in Massive Tax Fraud Probe.

French financial prosecutors have searched the offices of several large banks, including Societe Generale, BNP Paribas, and HSBC, over suspicions of money laundering and fiscal fraud related to dividend stripping. The probe is linked to "cum-cum" practices, through which wealthy clients sought to evade taxes on dividends through complex legal structures. Five investigations are ongoing, and the operations are being carried out by 16 investigating judges and over 150 investigation agents.

via CNBC|
#bnp-paribas#dividend-stripping#finance