May
04

Société Générale Profit Rises Despite Weakness in Investment Banking

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Société Générale is one of France’s largest banks. CreditCharles Platiau/Reuters

PARIS — Société Générale, one of France’s largest banks, reported on Wednesday a rise in first-quarter profit, as a one-time revaluation of its own debt and a shift in the way it prepares for potential bad loans helped it offset a weak market for investment banking.

Société Générale said net income rose almost 7 percent to 924 million euros, or about $1.1 billion, in the three months through March from the same period a year earlier…

Société Générale Profit Rises Despite Weakness in Investment Banking

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