Banks Still Have Too Much Leverage, Bair Says

Jan. 11 (Bloomberg) -- Former Federal Deposit Insurance Corp. Chairman Sheila Bair discusses financial regulations and President Barack Obama's nomination of Jack Lew as U.S. Treasury secretary to succeed Timothy Geithner. Bair, now a senior adviser at Pew Charitable Trusts, speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." Robert Albertson, principal and chief strategist at Sandler O’Neill & Partners LP, also speaks. (Source: Bloomberg)
SocGen First-Quarter Profit Jumps
40:47 - 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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