Societe Generale

SpaceX is offering its underwriters a record-low 0.75% gross spread for its historic IPO, but Wall Street banks, led by Goldman Sachs, will still earn the largest dollar fees ever due to the massive $86 billion deal. This mirrors Goldman's 2010 strategy to win the GM IPO by matching a low fee, and the underwriters will split approximately $646 million in fees.

Boerse Stuttgart has added Societe Generale, SG-FORGE, and flatexDEGIRO to its pan-European tokenized settlement network called Seturion. Nasdaq's European trading venues will connect to this network to facilitate trading and settlement of tokenized securities.

Boerse Stuttgart's Seturion has partnered with Societe Generale, SG-FORGE, and flatexDEGIRO to develop a pan-European blockchain-based securities settlement system. This collaboration aims to modernize cross-border settlement infrastructure across the EU using distributed ledger technology.

Societe Generale's Albert Edwards predicts double-digit inflation is coming back. Edwards' forecast suggests a significant increase in inflation rates. This prediction may impact economic decisions and market trends.

Societe Generale plans to deploy stablecoins on Canton for tokenized finance, using EURCV and USDCV for collateral, repo financing, and institutional settlement. This deployment aims to enhance financial activities on the Canton blockchain network. The move is part of Societe Generale's efforts to explore blockchain technology in finance.

European banks, including Societe Generale, have allocated $710 million in the first-quarter to prepare for potential economic downturns linked to a possible Iran war. The provision reflects anticipatory measures against geopolitical risks.