MSSB Agreement a Win-Win for Citi, Orenbuch Says

Sept. 12 (Bloomberg) -- Moshe Orenbuch, an equity research analyst at Credit Suisse Group AG, talks about the U.S. banking industry and Morgan Stanley's agreement to buy from Citigroup Inc. the rest of their brokerage joint venture in pieces through 2015. He talks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)
SocGen First-Quarter Profit Jumps
31:47 - Societe Generale SA, France’s second-largest bank by market value, posted a fivefold increase in first-quarter profit. Net income rose to 868 million euros ($972 million) from 169 million euros a year earlier. The increase beat the 770 million-euro average estimate of five analysts surveyed by Bloomberg. Chief Executive Officer Frédéric Oudéa, spoke to Bloomberg’s Caroline Connan on “Countdown”.
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