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Standard Chartered has announced that Andy Halford will retire as chief financial officer, with Diego De Giorgi, former Bank of America investment banker, set to replace him. De Giorgi, who was most recently co-chief executive of special purpose acquisition company Pegasus Europe, will join the bank on September 1.
Societe Generale, France's third-biggest listed bank, reported better-than-expected quarterly earnings on Thursday, as cost management and a strong growth of its car leasing division alleviated a...
SocGen reported a 900 million-euro group net income for the three months-period ending in June, above the average analyst estimate of 670 million euros.
Societe Generale beat quarterly earnings forecasts today as the French bank kept costs and provisions down, but a slump at its retail business will turn up pressure on its new CEO as he prepares to unveil his plan.
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