Investment Banking

Societe Generale reports Q1 revenue drop

Divisionally, SocGen had the largest revenue decline at in French retail banking, which fell 11% in the quarter

Societe Generale reported a drop in first-quarter revenue driven by a decrease in net interest margin in France, but a rise in its quarterly profit.

The French bank said on 12 May that it made €868m ($947.6m) in net profit in the first three months of 2023, compared with €821m a year earlier.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached