Monthly Archives:  February 2013

  • Societe Generale Posts Fourth-Quarter Loss on Writedown

    Full Story | 13th February 2013
    Societe Generale SA, France’s second-largest bank, posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros ($403 million) for legal expenses.The net loss was 476 .
  • Barclays to Cut 3,700 Jobs After Full-Year Loss

    Full Story | 12th February 2013
    Barclays Plc, the first U.K. lender to report results for 2012, will eliminate 3,700 jobs to reduce annual costs by 1.7 billion pounds ($2.6 billion) after posting its first full-year loss in more than two .