Tuesday, 15 November 2011

SocGen to Cut Hundreds of Jobs

PARIS—Société Générale SA, France's second-largest bank by market value, plans to cut "several hundred" jobs in its French corporate and investment bank in 2012 as part of its push to conform with new capital rules, the company's trade union representatives said Tuesday. Chief Executive ...


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  • Bank recaps won't solve crisis: SocGen CEO


  • PARIS (Reuters) - A recapitalization of European banks is not needed and would not solve a crisis of confidence in the euro zone's ability to manage its sovereign debts ...

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