(hooly-news.com) – Societe Generale (+ 8.18% to 16.82 euros)
The bank continues on the same streak as the previous day, gaining 23% over one week. However, the value still shows a loss of 40% over a month.
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Finance – Banks
Life is hard for European banks! The latter are first subject to very strict regulation, which imposes capital and liquidity constraints (Basel III). American banks, which do not have these constraints, generate higher margins and dominate the lucrative niche of investment banking. In addition, low or zero interest rates weigh on profitability. Added to this is competition from Fin Tech and Gafa. Moreover, large establishments are buying fintechs to counter this technological threat. But the fight against Facebook or Google, which offer free services by paying for the use of payment data, looks very complex.