Societe Generale’s capital markets day on Monday – the first under new chief executive Slawomir Krupa – was a highly anticipated event for the bank.
Investors were hoping for higher returns targets and some concrete news such as a big asset sale that would unequivocally demonstrate a change of direction and jolt the share price out of its torpor.
Although no such sales were announced, there were signs of a shift away from the growth culture that prevailed at the French bank for most of the last decade under former chief executive Frédéric Oudéa.
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