Société Générale Société Anonyme (SCGLY) Analyst/Investor Day - Slideshow (OTCMKTS:SCGLY) 2026-09-21

Forbes España

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The French bank Société Générale presented on Monday its road map for 2029 with which the entity plans to increase profitability on tangible assets (RoTE) between 13% and 14%, as well as to reduce its expenses up to 2%, including the departure of part of its employees. Thus, the bank estimates [...] The entry Société Générale aims to raise its profitability to 14% and reduce its costs, with staffing cuts appearing first in Forbes Spain.

Dagens industri

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French major bank Société Générale expects that increased use of AI can reduce the bank's costs by 500-600 million euros, equivalent to 5.6-6.8 billion SEK, in the future.

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In addition, he noted that he expects to benefit from a strategic partnership with the US company Anthropic that includes a “repeated development” of the Claude model.

The Cryptonomist

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How much can save artificial intelligence to a bank that manages hundreds of billion euros of assets? Societe Generale has just given a concrete and measurable response. The cost cuts Societe Generale will aim to free 1.9 billion euros of gross savings by 2029, with artificial intelligence as the main engine of the reduction of [...]