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Societe Generale Q4 profit misses estimates as investment-bank earnings slump

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Mr Cabannes notes that banks around the world have strengthened their capital in recent years and that the current situation cannot be compared with what had to be managed in 2008.

Paris

SOCIETE Generale SA, France's second largest bank by market value, posted fourth-quarter profit that missed analysts' estimates as earnings at the investment bank fell and it set aside provisions for potential legal costs.

Net income rose to 656 million euros (S$1 billion)

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