SocGen net in­come falls 19pc in Q1

New Straits Times - - Business -

PARIS: So­ci­ete Gen­erale (SocGen) re­ported a 19 per cent fall in first quar­ter net in­come yes­ter­day af­ter mak­ing more pro­vi­sions for lit­i­ga­tion and also pay­ing €963 mil­lion (RM4.54 bil­lion) to set­tle a dis­pute with the Libyan In­vest­ment Author­ity. France’s sec­ond-big­gest bank, which was un­der­go­ing a reshuf­fle in its man­age­ment struc­ture and work­ing on a new strate­gic plan, said it would con­tinue to look to bring past dis­putes to an end. Agen­cies

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