Societe Generale France Russia UPS Booking Societe Generale France Russia

SocGen sees $1.5bn net loss amid disposal of Russian assets

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Société Générale said on 3 August that it swung to a second-quarter net loss as it booked losses from its disposal of Russian assets.The French lender reported a net loss of €1.48bn ($1.50bn) compared with €1.44bn net profit a year earlier.Net banking income, its top-line figure, came in at €7.07bn for the quarter, up 13% from the year prior,...

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