{"id":8875,"date":"2018-03-07T08:00:35","date_gmt":"2018-03-07T08:00:35","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8875"},"modified":"2018-08-10T11:23:02","modified_gmt":"2018-08-10T11:23:02","slug":"societe-generale-to-close-300-branches-in-move-towards-digital-banking","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/societe-generale-to-close-300-branches-in-move-towards-digital-banking\/","title":{"rendered":"Societe Generale to close 300 branches in move towards digital banking"},"content":{"rendered":"<p>French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and cut costs. CEO Frederic Oudea refers to the moves as preparation for the coming \u201cindustrial revolution\u201d that European banks will experience in the next 10 years.<\/p>\n<p>The news comes following a previous announcement that the bank will eliminate 2,550 jobs in its retail network. The bank plans on making further changes under its \u201c2020 plan\u201d, most of which are expected to affect the retail sector of the bank.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8875 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='UK\u2019s Financial Conduct Authority calls for smarter regulatory reporting'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/uks-financial-conduct-authority-calls-for-smarter-regulatory-reporting\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/entrepreneurs-showing-startup-business-project_3446-697-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9276\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/entrepreneurs-showing-startup-business-project_3446-697-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/entrepreneurs-showing-startup-business-project_3446-697-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/entrepreneurs-showing-startup-business-project_3446-697.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9276'>\n\t\t\t\tUK\u2019s Financial Conduct Authority calls for smarter regulatory reporting\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Citi opens API for Russian financial companies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/citi-opens-api-for-russian-financial-companies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/\u041c\u043e\u043d\u0442\u0430\u0436\u043d\u0430\u044f-\u043e\u0431\u043b\u0430\u0441\u0442\u044c-1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8564\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8564'>\n\t\t\t\tCiti opens API for Russian financial companies\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 28th September \u2013 5th October'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-28th-september-5th-october\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/mRwaRc1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15384\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15384'>\n\t\t\t\tBFC FinTech Monitor 28th September \u2013 5th October\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and cut costs. CEO Frederic Oudea refers to the moves as preparation for the coming \u201cindustrial revolution\u201d that European banks will experience in the next 10 &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,359],"tags":[35,49,81],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8875"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875\/revisions"}],"predecessor-version":[{"id":8995,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8875\/revisions\/8995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8876"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}