1. Societe Generale SA, France's second- largest bank by market value, plans to hire about 800 people at the investment bank this year to grow in areas such as equity derivatives.
2. It spent more than 2 billion euros last year on purchases in countries including Russia.
3. It needs to make more acquisitions or it risks becoming a takeover target
4. It counted 2,436 branches abroad at the end of March, and is seeking new opportunities in China after losing out to Citigroup Inc. in the battle for Guangdong Development Bank last year.
5. It also plans to grow in Algeria.
6. It has an option to take control of OAO Rosbank, which has Russia's second-largest branch network, for $1.7 billion by the end of 2008.
“And the Banker never wears a mac in the pouring rain”?
[Click here for full story at: BLOOMBERG.COM]
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