(Bloomberg) -- Societe Generale SA is making a last-ditch effort to boost its performance after a trading slump threatened Chief Executive Officer Frederic Oudea’s targets. The French bank -- recovering from regulatory probes that cost it billions of euros and a management reshuffle -- plans to cut jobs in less profitable investment banking businesses to save at least 100 million euros ($114 million) annually, people with knowledge of the matter said. The extent of the cuts may be made public...

Rothschild & Co. is preparing to promote the seventh generation of the centuries-old banking dynasty to run the boutique investment bank, according to a person familiar with the matter. Alexandre de Rothschild will take on the top executive role from his 75-year-old father this year in a long-planned succession, the person said, asking not to be identified because the matter is private. The exact timing and conditions of the succession aren’t yet finalized, the person said. The Financial...

Revenue rose 5% year-on-year at large-customers unit Bank plans a dividend increase despite tax surcharge Credit Agricole SA finished 2017 with an unexpected increase in trading revenue as demand for buying and selling fixed-income securities defied the weak trend seen at most of its rivals. France’s second-largest bank posted a 1 percent revenue gain at its trading business in the fourth quarter, according to a statement Wednesday. Three analysts surveyed by Bloomberg estimated declines...

Founders want incumbents to extend a hand, as partners or M&A Payments in focus on how startups defy giants at Fintech Forum The fintech dating game is on in Paris. Entrepreneurs in Europe’s financial-technology sector are pushing low-cost payments solutions to steal market share from banks, hoping the challenge they pose will spur the lenders to buy them or seek partnerships with them. Many startups are eyeing deals or potential backing as they converge on Paris this week to meet with the...

French bank climbs the ranks as Deutsche Bank, Barclays slip CEO Bonnafe has sights set on Top 3 spot in investment banking BNP Paribas SA is climbing into the top tier of European investment banks as the industry’s struggling giants retreat. The French bank ranked third among European firms in global markets revenue at the end of March, after boosting trading income by about $1 billion in the preceding 12 months, data compiled by Bloomberg show. Deutsche Bank AG, Credit Suisse Group AG and...