Societe Generale offloads UK and Swiss private banking arms for £770m
https://www.independent.co.uk/business/societe-generale-offloads-uk-and-swiss-private-banking-arms-for-ps770m-b2591204.html
Posted by nofoxsleft
Societe Generale offloads UK and Swiss private banking arms for £770m
https://www.independent.co.uk/business/societe-generale-offloads-uk-and-swiss-private-banking-arms-for-ps770m-b2591204.html
Posted by nofoxsleft
2 Comments
“French banking giant Societe Generale has struck a deal to sell its UK and Swiss private banking arms in a deal worth around 900 million euros (£770 million).
The Paris-based bank said it wants to slim down to become more streamlined and efficient.”
They don’t want to have to deal with EU rules about dodgy money with those parts of the business.