Pre-tax income at Société Générale’s corporate and investment banking unit surged to Eu2.362bn in 2010 from Eu727m in 2009 as lower provision costs outweighed a revenue slump in its global markets trading businesses.
The bank reported better fourth quarter numbers in fixed income, currencies and commodities up 76% on the fourth quarter of 2009 and in equities up 1% on the period. And with financing and advisory revenues in the quarter hitting Eu757m, up 20%, the CIB unit
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