Société Générale Fined €20 Million for Disclosure Failures, Largest Penalty Since 2018

Société Générale has been fined €20 million by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) for failing to meet pre-contractual information obligations to clients, particularly regarding bundled offers like "Sobrio." This penalty is the largest levied by the ACPR since 2018, accompanied by an official reprimand.