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Société Générale will implement over 10 fee increases starting April 1, with hikes ranging from 1.47% to 60% on account maintenance, card fees, and other services. Notably, account maintenance fees will rise by 6.25%, while the fee for reissuing a card’s PIN will increase by 60%. Conversely, the bank has introduced free instant transfers via its app or website and extended preferential international transaction rates to all customers aged 16 and over. Additionally, SG is participating in a project to install shared ATMs in rural areas, set to begin operating in 2025.
Deutsche Bank plans to cut nearly 2,000 retail jobs and close a significant number of branches as part of its restructuring strategy, according to CEO Christian Sewing. This decision comes in response to declining profits and aims to reduce costs.
France's Credit Mutuel is set to acquire OLB, a German bank that is a candidate for an initial public offering (IPO). This move highlights Credit Mutuel's strategic expansion into the German banking sector as it seeks to enhance its market presence.
Credit Mutuel
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
société générale announces significant fee increases for banking services starting april
13:35 31.03.2025
Deutsche Bank to cut 2000 retail jobs and close branches
11:51 20.03.2025
Credit Mutuel to acquire German bank IPO candidate OLB
08:47 20.03.2025
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