SocGen Investment Bank Emerges From Slump as French Retail Lags
Societe Generale SA’s
investment bank is emerging from the doldrums. The French consumer bank, however, remains adrift.
The securities unit posted better-than-expected second-quarter earnings as income from financing
deals climbed and trading topped estimates. The division weathered a challenging climate in Europe while
benefiting from demand for prime services and volatility in rates and commodities. At the French retail
business, SocGen forecast lower revenue this year.