Crisis takes its toll on SocGen
China Daily | Updated: 2008-08-06 07:39
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The headquarters of Societe Generale at La Defense, outside Paris. Bloomberg News |
French bank Societe Generale SA, recovering from a multibillion dollar trading scandal, said yesterday that net profit fell 63 percent in the second quarter after the ongoing crisis in world financial markets led to a loss in its investment banking unit.
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