SocGen CEO Expects Soft Landing for Europe Economy

The transcript discusses the strong performance in global markets, the impact of the war in Ukraine, and the sale of Rosebank. It covers financial impacts, Russian exposure, economic outlook, inflation, interest rates, and market strategy. The discussion also touches on labor market pressures and political risks in France.

What was the expected impact on capital from the Rosebank sale in the second quarter?

• 14 basis points

• 6 basis points

• 39 basis points

• 20 basis points

What is the estimated offshore exposure to Russia, excluding Rosebank?

• €1.5 billion

• €3.5 billion

• €2.8 billion

• €4.2 billion

What is the central economic scenario for Europe according to the transcript?

• A severe recession

• Rapid economic growth

• Stagnation

• A soft landing of GDP

How did Societe Generale's equities revenues perform in the first quarter?

• Not disclosed

• Met estimates

• Below estimates

• Exceeded estimates

What is the expected approach of the ECB following the Fed's decision?

• Aggressive rate hikes

• Progressive normalization

• Immediate bond buying

• No change in policy

What is the main concern related to payroll pressure?

• Decreasing wages

• High unemployment

• Lack of talent

• Inflation of wages

What is the expected outcome of the legislative elections in France?

• A coalition government

• A majority for Macron

• A minority government

• A significant surprise