I have no doubt at all that many readers will read that article
title, snort, say "no", and move on with their day. And that's certainly
understandable - while Societe Generale (SCGLY.PK)
may not be the European bank most damaged by the Great Recession,
credit crunch, and resulting European sovereign debt crisis, they
certainly did their best (or worst) to be in the running.
Societe
Generale has emerged from this mess as a different bank, though, and the
company has gone to great lengths to improve its balance sheet and
capital position. Perhaps the question to ask with Societe Generale
isn't so much about whether it can be a top-tier bank again (if it ever
was), but rather whether it deserves to lag relative to other troubled
banks like Citigroup (C), Bank of America (BAC), and Santander (SAN).
Please read the full article at Seeking Alpha:
Can Societe Generale Ever Be Relevant Again?
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