SocGen's Oudea Sees 2016 Environment As `Pretty Volatile'
Societe Generale SA, France’s second-largest bank by market value, reported a surprise increase in first-quarter profit helped by consumer banking and announced plans to deepen cost cuts at its investment bank. Net income rose to 924 million euros ($1.06 billion) from 868 million euros a year earlier, the Paris-based bank said on Wednesday, beating the 765 million-euro average estimate of six analysts in a Bloomberg survey. Bloomberg's Caroline Connan interviews the bank's CEO Frederic Oudea for more.
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