More than â¬1bn ($1.6bn) of fresh writedowns and valuation cuts dragged SG Corporate & Investment Banking to a loss in the second quarter and also left the division in the red at the half-year stage.
The corporate and investment banking arm of French group Société Générale today slumped to a â¬186m net loss for the three months to June from a â¬721m profit in the same period last year as it posted a loss-making quarter for just the second time in nearly a decade.
