SG has come out with its second quarter results, reporting group net income of €1.08bn (US$1.43bn), 3.5 times the comparable figure in the second quarter of 2009, and above consensus. SG’s private banking division was, however, below expectations, delivering profit of €23m in the second quarter – versus the €63m contribution the segment made in the Q2 2009 – largely…
Have a confidential tip? Get in touch [email protected]