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The French bank

Société Générale reported €1.26 bln loss

2 mins read

The FINANCIAL — One of the leading European financial services groups – Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May, which resulted in the level of bank card transactions and corporate credit transfers in June close to the monthly average levels in Q2 19. Societe Generale reported a net loss of 1.26 billion euros ($1.48 billion) for the second quarter of the year, missing market expectations, as the bank set aside more capital due to the pandemic and…

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Société Générale reported €1.26 bln loss

2 mins read

The FINANCIAL — One of the leading European financial services groups – Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May, which resulted in the level of bank card transactions and corporate credit transfers…