Societe Generale SA on Wednesday reported a 17 percent jump in fixed income, currencies and commodities revenue in the first quarter from a year earlier. That’s the only increase among major global lenders that have disclosed earnings for the period, with Morgan Stanley reporting a 54 percent slump. Societe Generale Chief Executive Officer Frederic Oudea said that while the French lender has a “more resilient model” than competitors, the environment will remain “pretty volatile” this year.
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