Societe Generale reportedly plans to cut thousands of jobs at investment bank

EUROPE NEWS


Antoine Antoniol | Bloomberg | Getty Images

Societe Generale SA headquarters stand in Paris, France

French bank Societe Generale is planning to cut thousands of jobs at its global banking and investor solutions unit, as it looks to offset cost pressure from regulation, Bloomberg reported on Friday, citing people familiar with the matter.

The bank is also looking to find a partner for its cash-equity business, the report added.

Societe Generale did not immediately respond to a Reuters request for comment.



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