Societe Generale overhauls top ranks with new generation of leaders
French bank reports worst quarterly performance since the global financial crisis
04 August 2020 - 22:59
Paris — French bank Societe Generale overhauled its top ranks on Tuesday, announcing the departure of two deputy chief executives after its worst quarterly performance since the global financial crisis.
France's third-largest bank surprised investors with a €1.26bn quarterly loss on Monday, its worst since rogue trader Jerome Kerviel left a gaping hole in its accounts in 2008...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.