Société Générale’s private banking profits surge by US$34 million year-on-year

8 November 2013 | 1 minute read

Société Générale has released its third quarter results, revealing the private banking division continues to enjoy year-on-year profit increases while assets under management (AUM) decline. Private banking revenue for the third quarter of 2013 stands at €227 million (US$304 million), representing a 16% increase on the same period last year. Net income is €42 million (US$56 million), a huge year-on-year…

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