SocGen Lifts Profitability Target in New Plan
Societe Generale lifted its profitability target as CEO Slawomir Krupa aims to cut costs and boost investor payouts with a new strategy. The French lender increased the goal for its return on tangible equity to between 13% and 14% in 2029 and to more than 15% after that, according to a statement Monday. Bloomberg’s Tom Metcalf reports. (Source: Bloomberg)
READ NEXT
More on the wire
FROM THE PUBLISHER
Governments need to rein in increasingly capable AI agents before their risks are fully understood, a United Nations scientific panel warned in the global organization's first major assessment of OpenAI's hack of Hugging Face earlier this year. The report cements AI's place on the global diplomatic agenda this week as leaders gather in New York […]
FROM THE PUBLISHER
A man was shot and injured in an Immigration and Customs Enforcement incident in Austin, Texas, on Sunday, according to officials.
FROM THE PUBLISHER
Insiders claim judges bypass strict rules by declaring candidacy yearly, allowing them to donate perpetually to party events.