SocGen CEO: Bank has limited exposure to Spain and Italy

Frederic Oudea says rumours that triggered a drop in the bank's share price were 'rubbish'

The chief executive of France's Societe Generale yesterday called rumours that triggered a drop in the bank's share price "rubbish".

"All that is absolutely unfounded. I can definitely deny all rumors," Frederic Oudea told CNBC in an interview. "In such a market, which is nervous, it's relatively easy to circulate absolutely unfounded information."

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line