Societe Generale – DIGIT INFO

Societe Generale, Banque de France complete blockchain repo transaction

DIGIT — Fri, 13 Dec 2024 16:56:34 +0000

The transaction involved tokenized bonds issued on the Ethereum blockchain as collateral in exchange for CBDC issued by the Banque de France.

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Societe Generale Forge partners with Bitpanda for euro stablecoin ahead of MiCA

DIGIT — Wed, 25 Sep 2024 07:00:58 +0000

The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.

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Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

DIGIT — Fri, 21 Apr 2023 20:20:00 +0000

According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in […]

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

DIGIT — Tue, 28 Mar 2023 19:00:23 +0000

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international […]

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Shares of Deutsche Bank, Other Euro Lenders Tumble

DIGIT — Sat, 25 Mar 2023 05:49:58 +0000

Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year […]

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Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens

DIGIT — Wed, 25 Jan 2023 18:30:47 +0000

Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and […]

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Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time

DIGIT — Tue, 06 Dec 2022 18:30:22 +0000

Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars […]

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France’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration as Digital Asset Service Provider

DIGIT — Tue, 18 Oct 2022 22:00:15 +0000

Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The digital asset subsidiary of Societe General Group, Societe Generale-Forge, is now registered with France’s financial regulator, […]

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USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’

DIGIT — Sun, 09 Oct 2022 20:00:24 +0000

In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société Générale notes that the index will […]

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Societe Generale launches custodial services for crypto fund managers

DIGIT — Wed, 21 Sep 2022 18:15:00 +0000

The firm is also in the process of testing a digital euro together with the European Central Bank.

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