A substantial drop in Société Générale’s equities revenue, just as peers posted a big rise, has underlined concerns at its investment bank, after a string of departures.
SocGen said settlements to pending US litigation are getting closer, and might come within days, which analysts say has supported the share price leading up to its first-quarter results on Friday.
However, the results showed group-wide revenues were lower and costs higher than the market expected, with underlying net income falling 13.5%
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