Société Générale

China to inject new impetus into global economy

Retrieved on: 
Sunday, January 15, 2023
La Samaritaine, International Monetary Fund, UBS, Q1, HSBC, Hellenic Foundation for European and Foreign Policy, IMF, Société Générale, Harrods, Singaporeans, COVID-19, Foreign Policy, Goldman Sachs, Morgan Stanley, Louvre, Growth, Le Monde, People's Daily, UBS AG, Djibouti and the International Monetary Fund, World Bank, Policy, GDP, Renewable energy, Drug

China's economy maintained average annual growth of around 4.5 percent in the past three years, obviously higher than that of the world.

Key Points: 
  • China's economy maintained average annual growth of around 4.5 percent in the past three years, obviously higher than that of the world.
  • Last year, facing challenges of high winds and choppy waters in the global environment, the Chinese economy achieved stable growth.
  • However, the organization noted that China will achieve stable economic growth in the new year and become the largest positive factor of the world economy.
  • IMF Managing Director Kristalina Georgieva believes that the Chinese economy will gradually achieve high-level development and end 2023 on a brighter note.

Lightsource bp closes first tax equity deal with Wells Fargo for 481 megawatt solar portfolio

Retrieved on: 
Wednesday, January 18, 2023
Alternative Energy, Energy, Utilities, Well, Climate change, Lightsource BP, Société Générale, Environmental finance, Intesa Sanpaolo, EBay, Environment, NYSE, NatWest, Allied Irish Banks, HSBC Bank USA, Standard Chartered, Policy, Growth, HSBC Bank, Inflation, WFC, Wells Fargo, Renewable energy, Light

Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets.

Key Points: 
  • Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets.
  • The tax equity investment by Wells Fargo is in addition to Lightsource bp’s sponsor equity investment and complements the debt financing package which originally closed in December 2021.
  • “We are pleased to support Lightsource bp in its efforts to supply low-cost, emission-free solar electricity in Louisiana and Arkansas,” said Shane Easter, a director with Wells Fargo’s Renewable Energy & Environmental Finance group.
  • “The new tax credit options and stable policy environment for job growth made possible by the Inflation Reduction Act will further incentivize investment and spur the growth of America’s solar industry.”

Griffin Global Asset Management Signs Amendment, and Upsizing of Warehouse Facility to $1.6 Billion of Capacity

Retrieved on: 
Thursday, January 12, 2023
Milbank, Bank, PWC, Société Générale, Wells Fargo, Cayman, Loan, Aerospace Journalist of the Year Awards, Goldman Sachs, Morgan Stanley, UMB Financial Corporation, National Association, Bank of Montreal, Hughes Hubbard & Reed, The Borrowers, LLP, Bank of America, Deutsche Bank, PNC Financial Services, Maples, Barclays, Security (finance), Facility, Griffin

DUBLIN, Ireland, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management DAC and Griffin Global Asset Management (Servicer) LLC (together, “Griffin”) announced today that on December 27, 2022 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), signed an amendment, and upsizing transaction for its senior secured warehouse facility, which now has a committed amount of $1,600,000,0000 (the “Facility”).

Key Points: 
  • DUBLIN, Ireland, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management DAC and Griffin Global Asset Management (Servicer) LLC (together, “Griffin”) announced today that on December 27, 2022 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), signed an amendment, and upsizing transaction for its senior secured warehouse facility, which now has a committed amount of $1,600,000,0000 (the “Facility”).
  • The initial Facility had $1,000,000,000 of capacity and was awarded the Airline Economics Global Editor’s Deal of the Year Award for 2021.
  • “As the Griffin platform continues to grow, it is enabled through the continued support from our lending group.
  • We are happy to announce the increase in Facility size, as well as the addition of Bank of Montreal to this group,” said John Beekman, Chief Financial Officer of Griffin.

Allego Expands Credit Facility to €400 million, Securing Growth Capital Supporting its Significant Backlog

Retrieved on: 
Monday, December 19, 2022
EV, Electric Vehicles, Environmental Health, Sustainability, Alternative Energy, Alternative Vehicles, Fuels, Public Transport, Energy, Automotive, Environment, Other Transport, Trucking, Green Technology, Transport, Cloud, Security (finance), Société Générale, NYSE, Banco Santander, EV, Growth, Electricity, COVID-19, City, XV, Risk management

This credit facility is available to finance green investments, in compliance with the Green Loan Principles.

Key Points: 
  • This credit facility is available to finance green investments, in compliance with the Green Loan Principles.
  • The Company expects to utilize the refinanced credit facility to support its backlog of signed contracts.
  • Allego’s Chief Financial Officer, Ton Louwers, stated, “We are excited to have successfully increased our credit facility by €230 million to €400 million.
  • With this increase, we have reached a major milestone in Allego’s long term funding strategy to pursue and achieve our growth plans and support our secured backlog.

HashKey's Latest Report Highlights A DeFi Sector That's Poised For Institutional Adoption And Rapid Acceleration

Retrieved on: 
Sunday, December 18, 2022
Ministry of National Education (France), ING, Fiat, DEX One, TVL, Decentralized finance, KYC, J. P. Morgan, Web 2.0, Société Générale, CDPS, Organization, VCS, Dai (cryptocurrency), Santander Bank, NFT, Compound, VC, Cryptocurrency, Bank, Ethereum, Metaverse, Insurance, Vernacular, Financial technology

It's not only VC money flooded into DeFi over the last year, as the sector has attracted a significant number of new users too.

Key Points: 
  • It's not only VC money flooded into DeFi over the last year, as the sector has attracted a significant number of new users too.
  • In 2022, DeFi user growth averaged 44% quarter-over-quarter, a very encouraging adoption curve that suggests the sector still has a chance to achieve exponential growth.
  • HashKey's report draws a lot of comparisons between DeFi and the world of traditional finance, or TradFi.
  • The report also highlights that around 25% of the 400 fastest-growing companies in Fintech today are actually crypto/blockchain focused businesses.

Paxos Risk & Liquidity Management Programs Protect Customers During Market Volatility

Retrieved on: 
Thursday, December 15, 2022
Mithril, Blockchain, NYDFS, MTL, Paxos Trust Company, Bank of America, MercadoLibre, Entrepreneurship, PayPal, Bank, Risk management, Credit Suisse, USDP, MTL (transport company), Financial services, Founders Fund, Interactive Brokers, Bankruptcy, Multimedia, Safety, Prudential, Société Générale, MSB, Risk, Cryptocurrency, Security (finance), Nubank, Paxos

Paxos has built oversight, risk management and corporate controls into all aspects of our operations.

Key Points: 
  • Paxos has built oversight, risk management and corporate controls into all aspects of our operations.
  • Paxos' ability to operate and process customer requests consistently speaks to our commitment to our clients and the strength of our risk management.
  • We measure success on our ability to act with integrity, protect customer assets through any market cycle and innovate within regulatory frameworks.
  • Recent market failures only demonstrate what Paxos has always known to be true - size and brand recognition are irrelevant if you do not have robust risk management practices that custody and protect customer assets in legally segregated, bankruptcy protected trust accounts."

Spectrum Markets welcomes Societe Generale as a new issuer of listed securitised derivatives to be offered in Spain and the Nordic countries

Retrieved on: 
Monday, January 23, 2023
Directive 2014/65/EU, Federal Financial Supervisory Authority, Vanilla, ISIN, Stock, Commodity, Commerzbank, Société Générale, Acquisition, Retail, Security (finance), Airline, Spectrum

Societe Generale aims to list several thousand instruments on the venue, based on client demand in these countries, and could expand its offering into other retail investment products in future.

Key Points: 
  • Societe Generale aims to list several thousand instruments on the venue, based on client demand in these countries, and could expand its offering into other retail investment products in future.
  • Spectrum has scaled up its flexible infrastructure to handle the additional volume of order flow and quote data, increasing capacity by over 400%.
  • Like for any other market maker, Spectrum will manage a unique, international order book for each individual instrument listed by Societe Generale.
  • These instruments will be publicly offered in Finland, Norway, Sweden and Spain, taking advantage of Spectrum's pan-European trading infrastructure and consolidating trading volumes across countries.

ALD: Announcement

Retrieved on: 
Tuesday, November 29, 2022
Rights issue, Euronext Paris, Société Générale, LeasePlan, EuroLeague Final Four, Rights, ALD, Prospectus, Exercise, ISIN, Segment, Sale, Regulatory News Service, Risk, Acquisition, AMF, Security (finance), Medical device, Euronext

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • The Rights Issue will enable ALD to finance a portion of the Acquisition price, which amounts to 4.5 billion [1] .
  • As of the date of this press release, and as stated on November 28th, 2022 main regulatory and all expected anti-trust conditions precedent have been completed.
  • The Acquisition is expected to close in Q1 2023 subject to remaining regulatory approvals and other customary closing conditions [3] .

EQS-News: CBOE's Weekly Market Recap: Nov.14-18 – Biogen’s Alzheimer’s Drug Captures Investors’ Attention

Retrieved on: 
Sunday, November 27, 2022
Invesco, BIT, CPI, Producer, IShares, CBOE, EPA, ETF, Biotechnology, Biogen, Consumer price index by country, Federal, Consumer, VIX, BATS, LSE, UCITS, Cboe Global Markets, Chicago, BIIB, QQQ, Société Générale, CAC, ISF, Wall, BTC, IWM, Clinical trial, SPDR, Eye, FDA, PPI, Security (finance), Financial adviser, Cryptocurrency, Birth control, Fashion, Poultry, Bitcoin, Solana, Ethereum

With uncertainty brimming, Cboe highlights Biogen Inc. (NASDAQ: BIIB) as a chart that may have piqued investor interest following positive clinical trial results for their new Alzheimers drug.

Key Points: 
  • With uncertainty brimming, Cboe highlights Biogen Inc. (NASDAQ: BIIB) as a chart that may have piqued investor interest following positive clinical trial results for their new Alzheimers drug.
  • Cboe has compiled a list of earnings for investors to keep an eye on at the bottom of this report.
  • Shares of Biogen skyrocketed on Sept. 22nd after the company announced positive clinical trial results for their Alzheimers drug lecanemab.
  • These results have brought Biogen closer to a Federal Drug Agency (FDA) approved Alzheimers drug, a feat several biopharmaceutical companies are competing to achieve.

Mirantis Offers Interactive Kubernetes Training Courses

Retrieved on: 
Thursday, November 17, 2022
Internet, Technology, Training, Software, Education, Automation, Student, Société Générale, Environment, Glass, Inmarsat, Adobe, DocuSign, PayPal, S&P Global, Organization, DevOps, Learning, Nationwide Mutual Insurance Company, Risk management, Tourism, Splunk, Mirantis

Kubernetes has a steep learning curve so investing in your people or yourself is critical in gaining the confidence to navigate the complexity of Kubernetes by learning from Mirantis experts, said Shaun OMeara, field chief technology officer, Mirantis.

Key Points: 
  • Kubernetes has a steep learning curve so investing in your people or yourself is critical in gaining the confidence to navigate the complexity of Kubernetes by learning from Mirantis experts, said Shaun OMeara, field chief technology officer, Mirantis.
  • Mirantis training puts the learner at the center of everything by offering an interactive, engaging experience through the integration of real-world Mirantis labs, rather than the usual simulated environment.
  • Mirantis Training is a Kubernetes vendor-agnostic training provider that provides flexibility and allows students to gain robust Kubernetes skills that can be applied to any cloud.
  • To learn more about Mirantis training and earn a Mirantis badge visit: https://training.mirantis.com .