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SocGen Weighs Thousands of Job Cuts at Investment Bank

  • Restructuring plan could also bring in partner for cash equity
  • Cost pressures and an ugly fourth quarter prompting changes
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SocGen is seeking to cut 500 million euros ($567 million) of costs. Bloomberg’s Fabio Benedetti Valentini reports.(Source: Bloomberg)
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Societe Generale SA is drawing up plans to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, people familiar with the matter said.