BOE May Pause Bond Purchases on U.K. GDP Boost
Oct. 25 (Bloomberg) -- James Shugg, a senior economist at Westpac Banking Corp., talks about the surge in U.K. growth in the third quarter and its impact on Bank of England policy. He speaks with Maryam Nemazee on Bloomberg Television's The Pulse." (Source: Bloomberg)
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SocGen 1Q Net Beats Estimate, Targets Other Cost Cuts
21:08 - French bank Societe Generale SA reported a surprise increase in first-quarter profit. Net income rose to 924 million euros ($1.06 billion) from 868 million euros a year earlier, the Paris-based bank said on Wednesday. French consumer-banking profit climbed 18 percent as the unit set aside less money for bad loans, while earnings at the international retail-banking and financial-services division doubled. Those performances cushioned a 15 percent decline in profit at the global banking and investor solutions unit, which houses the investment bank. Societe Generale announced plans to cut an additional 220 million euros in costs at the division by the end of 2017. The bank's CEO Frederic Oudea speaks to Bloomberg's Caroline Connan.