SocGen Boosts Capital for Second Quarter as Equities Slump

  • Bank strengthens key capital ratio amid restructuring plans
  • Shares rise as bank also meets targets early on cutting risk
Deputy CEO Severin Cabannes says the trade war and Brexit hit client demand for equities structured products.Source: Bloomberg
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Societe Generale SA boosted a key measure of financial strength for a second straight quarter and shrank the trading division faster than planned as Chief Executive Officer Frederic Oudea restructures the investment bank.