Structured products let SG shrug off equity downturn

By Owen Sanderson
01 Aug 2014

Société Générale’s strength in structured products and equity derivatives allowed it to record flat revenues for equities markets, against a backdrop of low volatility and lower volumes which has seen most other investment banks report drops of more than 10% in their equity markets divisions.

SG recorded a 2.9% year on year gain to €538m in the division after stripping out payment of a Lehman claim, which had added €98m to last year’s numbers.

“This performance can be explained by solid client-driven activity in structured products, good earnings for cash activities, driven by ...

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