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SG sees double

SG announced today (May 5) first quarter net income up over 200% from a year ago to €1.06bn (US$1.36), with revenues up 32.6% year-on-year to €6.6bn. At SG’s private banking unit, net banking income fell €42m over the past quarter to €162m. Return on equity after tax stood at 23.7%, down 27.8% from the last quarter. Within SG asset management…

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