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SocGen boosts private banking profits by 221% YoY

Société Générale’s private banking business sees an increase in net income for the second quarter of 2013, while its assets under management (AUM) decline. Revenue for 2013’s midway point reached €230 million (US$305 million), a 35.8% increase on the same period last year, helping to lift the private bank’s net income by a massive 221% to €45 million(US$60 million), up…

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