SocGen CEO Says First Quarter Better Than Expected

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Feb. 16 (Bloomberg) -- Frederic Oudea, chief executive officer of Societe Generale SA, says the start of 2012 is better than expected due to the European Central Bank's long-term refinancing operations. France's second-largest bank said fourth-quarter profit declined 89 percent as the investment bank posted a loss. Linzie Janis and Owen Thomas report on Bloomberg Television's "Countdown." (Source: Bloomberg)

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