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Financing and fixed income to the fore at SocGen

The French bank posted both quarter-on-quarter and year-on-year gains in financing and advisory and fixed income revenues in the second quarter

Societe Generale posted both quarter-on-quarter and year-on-year gains in financing and advisory and fixed income revenues in the second quarter, results which echo those of its French rival BNP Paribas.

The French bank on Friday reported revenues of €2.3 billion in its global banking and investor solutions unit, up 2% on a year ago, once the impact of a one-off gain in that period relating to claims against Lehman Brothers is stripped out.

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