Societe Generale returns to profitability, but faces domestic market pressures

Societe Generale returned to profitability in the second quarter of this year, but its performance was hampered by reduced revenues in France and broader global banking challenges.

The net income of the bank was 900 million euros ($983.6 million). This is significantly higher than the 1...

Imported alcohol loses profitability owing to the restructuring of the liquor tax

SEOUL, Jan. 6 (Korea Bizwire) — The norm for imposing liquor taxes on beer and raw rice wine has shifted for the first time in 52 years from a price-based "ad valorem" obligation to a volume-based "specific business duty."

The National Tax Service (NTS) said Su...

Will the US banks return to world domination?

The United States was one of the most amazing banking industry of the world and the world was looking up to it at a time, and that was the time when the banks just got to the brink of dominating the world banking scene, but this dream was never fulfilled as the banks started facing issues while t...