Société Générale

Société Générale plans to further cut costs and boost revenues to raise return on tangible equity (RoTE) to 13–14% by 2029 and above 15% thereafter. At least €21 billion in dividends and buybacks are to be distributed by 2029, which would return about half of profits to shareholders. After reporting half‑year results, the target RoTE for the current year was raised to around 11%. » Plus sur finanzen.net

Société Générale plans to raise its return on tangible equity (RoTE) to 13–14% by 2029 and thereafter to above 15% through further cost cuts and higher revenues. CEO Slawomir Krupa announced that the bank will use at least €21 billion for dividends and share buybacks by 2029, which should return about half of profits to shareholders. After the half‑year results the bank lifted its RoTE target for the current year to roughly 11%; the stock fell briefly. » Plus sur finanzen.net

Societe Generale, led by CEO Slawomir Krupa, said recent European Commission proposals to revisit parts of the Basel framework are a decisive step toward relieving capital and liquidity constraints that have disadvantaged European banks versus US peers. The move, spurred in part by deregulatory actions in the US under President Trump, could free significant capital trapped by national ring‑fencing and opens the door to changes to the controversial output floor. Significant resistance remains from supervisors such as the European Central Bank, setting up political and regulatory clashes as Europe seeks competitiveness without lowering guardrails on systemic risks. » Plus sur finance.yahoo.com