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Real Estate & Property Law

: Housing Wire

SocGen Expects Q2 Profit

By DIANA GOLOBAY

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French investment bank Société Générale expects to post a “slightly positive” net income for Q209, despite a ?1.3bn (US$1.81bn) charge related to credit default swaps used to hedge the company’s loan portfolio. “Solid operational performances, in particular in Corporate & Investment Banking, will absorb the significant negative impact on the accounts of the substantial tightening of [...]

Full post as published by Housing Wire on July 06, 2009 (boomark / email).

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