SocGen Said to Deny Speculation of Derivatives Loss
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Societe Generale SA, France’s second-biggest bank by market value, is telling analysts that it didn’t suffer losses on derivatives, said two people familiar with the matter who declined to be identified.
Societe Generale declined to comment on reports today by Reuters and CNBC that cited speculation the bank may face derivatives losses. “If we had something to say, we would have already communicated,” said Laura Schalk, a spokeswoman for the Paris-based bank.