Société Générale and Calyon negotiate to merge brokers
French investment banks Société Générale and Calyon are negotiating to merge their brokerage activities, provided by Fimat and Calyon Financial. The new group would be based in Paris and controlled equally by the two parties. They claim that the combined entity would be a world leader in financial futures and options and would provide access to more than 70 derivatives exchanges to international clients. Calyon has a presence in 55 countries, with €480 billion in assets. Société Générale
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