The following article has been retrieved from the archive and no longer contains the original video.
Societe Generale has said there are signs of more stable market conditions ahead as its net profit halved to 309 million euros in the second quarter compared with last year.
That was because the French bank had to write down the value of some assets, but improved earnings from investment banking limited the profit fall.
It also set aside 1.1 billion euros to cover bad debts which was less than analysts had anticipated.
Copyright © 2009 euronews
latest corporate news
Severstal’s surprise profit 19/11 20:13 CET
Ahold to cut costs 18/11 20:39 CET
UBS targets profit through transformation 17/11 21:19 CET
Cadbury to partner with Ferrero? 17/11 21:19 CET
Bad fuel hedge hit easyJet profit 17/11 21:19 CET
Mixed news from GM 16/11 20:47 CET
EADS profit plunges 16/11 20:47 CET
Investors ask did Vivendi overpay for GVT? 16/11 20:47 CET
Canon buying Oce 16/11 20:47 CET
GM will want Opel state aid 13/11 20:53 CET
Top Stories & Breaking News
