SocGen Weighs Thousands of Job Cuts at Investment Bank

  • Restructuring plan could also bring in partner for cash equity
  • Cost pressures and an ugly fourth quarter prompting changes
SocGen is seeking to cut 500 million euros ($567 million) of costs. Bloomberg’s Fabio Benedetti Valentini reports.(Source: Bloomberg)
Lock
This article is for subscribers only.

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Societe Generale SA is drawing up plans to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, people familiar with the matter said.