Net income in Société Générale's corporate and investment banking business fell 16% in the third quarter after severance costs of €37m ($33m) drove the French bank's equity and advisory operations to a €21m loss.

Although strong fixed income results meant that the bank's corporate banking arm saw net income rise 226%, this was outweighed by the loss in the other half of the group. Net income for corporate and investment banking fell to €201m.