Societe Generale Deputy CEO on 1Q Earnings, Job Cuts, Cost Savings

The transcript discusses Societe Generale's performance in Q1 2019, highlighting their ability to adapt in a challenging market. It covers client demand, market volatility, and the impact of geopolitical risks. The company is implementing cost-saving measures, including job cuts, while focusing on core strengths in global markets. The discussion also touches on European banking consolidation and the challenges posed by low interest rates and regulatory conditions.

What was the core Tier 1 capital ratio of Societe Generale at the end of the first quarter?

• 10.5%

• 11.7%

• 12.0%

• 13.2%

What is the main reason for the low client demand at the beginning of the first quarter?

• Regulatory changes

• Strong competition

• Global uncertainties

• High interest rates

How did Societe Generale's equity business perform in the first quarter compared to the previous year?

• Increased by 10%

• Remained stable

• Decreased by 5%

• Increased by 5%

What is the total amount of cost savings Societe Generale aims to achieve?

• €1.6 billion

• €1.1 billion

• €500 million

• €2 billion

Which activity did Societe Generale decide to exit as part of their restructuring plan?

• Equity trading

• Retail banking

• OTC commodities

• Corporate lending

How many job cuts are planned in France as part of Societe Generale's cost-saving measures?

• 1600

• 1000

• 750

• 500

What is the impact of the ECB's trim review on Societe Generale?

• Increase in client demand

• Decrease in market share

• Increase in capital requirements

• Reduction in interest rates

What is the potential benefit of cross-border banking consolidation in Europe according to the ECB?

• Higher industry returns

• Increased competition

• Improved customer service

• Lower regulatory costs

What is one of the main concerns for Societe Generale in 2019?

• Rising interest rates

• Geopolitical risks

• Decreasing market share

• Increasing competition

What is the expected impact of geopolitical risks on Societe Generale's business?

• Increased client demand

• Stable market conditions

• Reduced investment capacity

• Higher interest rates