The Business Times
business-time-50

SocGen underperforms French rivals in equities trading in Q2

Published Wed, Aug 2, 2017 · 09:50 PM

Paris

SOCIETE Generale underperformed its French banking rivals in equities trading in the second quarter, reporting lower revenue from that business while BNP Paribas and Natixis achieved significant gains.

Overall, France's second biggest bank on Wednesday reported a 28 per cent fall in second-quarter net profit after setting aside 300 million euros (S$482 million) to pay for potential legal costs, part of the bank's efforts to turn the page following a series of legal disputes and scandals.

Societe GeneraleBNP Paribas

TRENDING NOW

About 60 per cent of the job cuts are coming within support functions, including among developers.

Barclays to cut 5,000 jobs in AI-fuelled push to lower costs

OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.

DBS, OCBC, UOB face rate hike reality check

While most businesses say higher costs are eroding their profits, the impact is more keenly felt among companies from Malaysia, Indonesia and Singapore.

Cost over climate: Most Asean firms scaling back decarbonisation plans as higher energy prices bite

The freeze applies to VietJet’s assets worth up to US$251.6 million.

VietJet hit with global asset freeze in FitzWalter dispute

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More