Revenues across Societe Generale's global banking and investor solutions division fell 4% to €2.3bn in the three months to June 30, with performance in sales and trading coming off the boil after a strong start to the year.

Sales and trading revenues from fixed income, currencies and commodities fell around 7% year-on-year to €586m. Although down, the percentage drop in FICC was not as severe as those experienced by many rival banks in Europe and on Wall Street in the second quarter.