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  • October 24, 2014
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  1. Business - Money

    Chart of the day: Little monetary relief in China

    Posted Oct 16th 2014, 05:51am by SOCIETE GENERALE

    ... banking system. Societe Generale expects a similar picture for September. While new bank loans are likely to remain sizeable at 740 billion yuan (HK$934 billion), year-on-year growth is seen ... Chart of the day: Little monetary relief in China The mainland's M2 money supply growth eased to the second-lowest pace in August since the first quarter of 2012, according to Societe ...

    http://www.scmp.com/business/money/markets-investing/article/1617263/chart-day-little-monetary-relief-china
  2. Business - Money

    Chart of the day: Double the drag

    Posted Oct 23rd 2014, 06:25am by SOCIETE GENERALE

    ... Double the drag Societe Generale said housing starts and property sales acted as a drag on the mainland economy, which remained lacklustre across the board. However, SG believes October data will be more critical. At the end of September, the central bank relaxed rules on mortgage borrowing, which SG said should be more effective in stabilising the housing market than local ...

    http://www.scmp.com/business/money/markets-investing/article/1622486/chart-day-double-drag
  3. Business - Money

    Chart of the day: capital spending looking up

    Posted Sep 27th 2014, 05:33am by SOCIETE GENERALE

    ... Chart of the day: Capital spending looking up Societe Generale says capital expenditure spending intentions appear to be picking up across the board in the United States, according to the National Federation of Independent Business small business survey. Small firms did not appear to participate in the capital expenditure upswing in 2010 and 2011. Their spending plans are now ...

    http://www.scmp.com/business/money/money-news/article/1601255/chart-day-capital-spending-looking
  4. News - World - FRANCE

    Rogue trader Jerome Kerviel loses appeal over jail and €4.9b fine

    Posted Oct 25th 2012, 12:00am by Agence France-Presse in Paris

    ... down to Jerome Kerviel in 2010, two years of which were suspended, and confirmed he had to pay back the billions his gambles cost the bank Société Générale, which was brought to the brink of collapse by the fraud. Kerviel "was the sole creator, inventor and user of a fraudulent system that caused these damages to Société Générale," the court said in its ruling. ...

    http://www.scmp.com/news/world/article/1069044/rogue-trader-jerome-kerviel-loses-appeal-over-jail-and-eu49b-fine
  5. Banking on high social returns

    Posted Jul 28th 2012, 12:00am

    ... Chris Davis Citizen Commitment Week (CCW) may be an annual calendar highlight of Societe Generale's adherence to corporate social responsibility (CSR), but making a difference in the communities where the French bank operates is a year-long effort. According to Kate Henley, Societe Generale head of communications for Asia-Pacific, staff volunteers in Hong Kong organise events ...

    http://www.scmp.com/article/1007883/banking-high-social-returns
  6. Business - Money

    Chart of the day: Debt break down

    Posted Sep 11th 2014, 06:02am by SOCIETE GENERALE

    ... Societe Generale Chart of the day: Debt break down Apparently, there is a big question about the solution to the 12.7 trillion yuan (HK$15.98 trillion) debt already owed by the mainland's cities, counties and villages, since only provincial governments are to be given formal access to the debt market. Actually, not even all the provincial off-budget debt will be covered. ...

    http://www.scmp.com/business/money/markets-investing/article/1589586/chart-day-debt-break-down
  7. Business - Banking & Finance - BANKING

    Too big to jail? No bank above the law, says US Attorney General

    Posted May 06th 2014, 09:31am by AFP

    ... Agricole and Societe Generale, laundered money and broke US embargoes by doing business with countries such as Cuba and Iran, a source close to the investigation said. The Wall Street Journal said ... general United States Attorney General Eric Holder warned that no financial institution should consider itself "above the law", amid investigations into alleged tax evasion and money ...

    http://www.scmp.com/business/banking-finance/article/1505628/too-big-jail-no-bank-above-law-says-us-attorney-general
  8. Business - Banking & Finance - PRIVATE BANKING

    Western private banks facing growing regional challenge

    Posted Oct 20th 2014, 05:05am by DON WEINLAND

    ... That is the message from DBS after it finalised the buyout of France's Societe Generale's private banking and wealth management arm in Hong Kong and Singapore. "The global players continue ... of Societe Generale's regional private banking business is the third major buyout in that segment of the market since 2009, and the second in which a regional bank has bought a troubled ...

    http://www.scmp.com/business/banking-finance/article/1620193/western-private-banks-facing-growing-regional-challenge
  9. News - World - LIBYA

    Struggling Libyan parliament joins forces with rebel ex-general

    Posted Oct 22nd 2014, 05:19am by Reuters

    ... Reuters in Benghazi, Libya Libyan parliament joins forces with rebel Libya's beleaguered elected parliament has declared a formal alliance with a renegade former general ... and administration in the capital and forcing the government to take refuge in the eastern part of the country. Khalifa Hifter, a former general under Gaddafi, is one of dozens of commanders of irregular ...

    http://www.scmp.com/news/world/article/1621417/struggling-libyan-parliament-joins-forces-rebel-ex-general
  10. News - Hong Kong - DRUGS

    Drugs may 'destroy Indonesia's youth', says top general in slap at China gangs

    Posted Oct 19th 2014, 05:45am by Bryan Harris

    ... of the country's most senior military officers has warned. General Gatot Nurmantyo, chief of staff of the Indonesian army, told university students last week that crime syndicates were using drugs as part ...

    http://www.scmp.com/news/hong-kong/article/1619583/drugs-may-destroy-indonesias-youth-says-top-general-slap-china-gangs

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