Investment Banking

Societe Generale shares slide on revenue fall

A decline in global markets hit revenues at the unit that includes its investment banking and asset management businesses

Societe Generale shares slide on revenue fall

Shares in Societe Generale fell sharply after its profit rose in the first quarter but the bank reported a decline in overall revenue and at its investment banking business, MarketWatchreports.

France's third-largest listed bank by assets reported a 14% increase in net profit to €850m. Net banking income, the bank's top-line revenue figure, fell to €6.29bn compared with €6.47bn a year earlier.

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