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>> SOCIETE GENERALE Latest News

DEC 17, 2014 - Zero Hedge

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Will Putin's Next Step Be To Sell Gold?

"Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards. As Bloomberg reports, Russia’s surprise interest-rate increase failed ...

Tags: Will Putin's Next Step Be To Sell Gold?,  Societe Generale Latest News

DEC 17, 2014 - TheStreet

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15 Things You Need to Know About The Russia Crisis Right Now

NEW YORK (TheStreet) -- There's panic in Russia. The ruble has been plummeting. Russia's central bank intervention in October and Tuesday's interest rate hike to 17% did nothing to stop it, but additional efforts on Wednesday by the bank seem to be stemming the tide. The ruble's rout is due to plummeting oil prices, which have hobbled Russia's energy-dependent economy. Moody's ...

Tags: 15 Things You Need to Know About The Russia Crisis Right Now,  Societe Generale Latest News

DEC 16, 2014 - Business Insider

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STOCKS FALL, RUBLE CRASHES: Here's What You Need To Know (DIA, SPY, QQQ, TLT, IWM, RSX, USO, BND, AAPL, XHB)

It was a wild day in the market on Tuesday as the Russian ruble crumbled and stocks had a wild day after opening lower, surging higher, and closing at the lows of the day.  First, the scoreboard: Dow: 17, 077.4, -104, (-0.6%) S&P 500: 1,975.5, -14, (-0.7%) Nasdaq: 4,552.8, -52.3, (-1.1%) And now, the top stories on Tuesday:  1. It ...

Tags: STOCKS FALL, RUBLE CRASHES: Here's What You Need To Know (DIA, SPY, QQQ, TLT, IWM, RSX, USO, BND, AAPL, XHB),  Societe Generale Latest News

DEC 16, 2014 - Zero Hedge

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Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet

We recently noted the rise of counterparty risks in the financial system due to oil prices dropping (and leveraged derivative exposures) but as the Russia situation has deteriorated so dramatically this week, a renewed focus on bank exposures has sent stocks reeling (and credit risk soaring) among many European (and US) banks. As Bloomberg reports, Raiffeisen Bank International and Societe ...

Tags: Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet,  Societe Generale Latest News

DEC 16, 2014 - Futures Magazine

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Ruble slide threatens euro banks

Raiffeisen Bank International AG and Societe Generale SA, the European banks with most at stake in Russia, led European lenders lower as the ruble continued its slide today, defying a surprise rate increase.

Tags: Ruble slide threatens euro banks,  Societe Generale Latest News