Reuters logo
SocGen says to take charges for Newedge, own debt
January 16, 2013 / 4:11 PM / in 5 years

SocGen says to take charges for Newedge, own debt

PARIS, Jan 16 (Reuters) - French bank Societe Generale said on Wednesday that it planned to write down as much as 384 million euros ($513 million) in goodwill on its 50 percent stake in brokerage Newedge.

Responding to a Reuters report on disclosures made to analysts by Chief Financial Officer Bertrand Badre, the bank also said it expects to take a charge of more than 605 million euros because of the rising value of its own debt. ($1 = 0.7492 euros) (Reporting by Christian Plumb; Editing by James Regan)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below