SocGen to Expand Corporate Banking After Trading Losses
- Lender joins peers in seeking ways to reduce volatility
- CEO Oudea stops short of more radical cuts to equities trading
Photographer: Sameer Al-Doumy/AFP/Getty Images
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Societe Generale SA plans to rely less on trading as Chief Executive Officer Frederic Oudea attempts to turn the firm’s investment bank around following steep trading losses on complex derivatives last year.