SocGen Lowers Risky-Asset Exposure

04 Nov 2009

Société Générale reduced its exposure to risky assets by €1.9 billion ($2.78 billion) in the third quarter, according to the French bank.

Société Générale reduced its exposure to risky assets by €1.9 billion ($2.78 billion) in the third quarter, according to the French bank. That leaves SocGen, which reported that its earnings doubled in the quarter, with €42.4 billion ($62.15 billion) in exposure to holdings, which include asset-backed securities and ...

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