January 17, 2019 / 6:26 AM / a month ago

French bank SocGen's Q4 results to be impacted by market conditions

PARIS, Jan 17 (Reuters) - French bank Societe Generale said on Thursday that its fourth-quarter results would be impacted by challenging market conditions and the impact of some asset sales.

“The challenging market environment in global capital markets is expected to result in a decline in Global Markets and Investor Services revenues of approximately 20 percent in Q4 18 versus Q4 17 and of approximately 10 percent in 2018 vs. 2017, as well as a significant increase in market risk weighted assets,” SocGen said in a statement. (Reporting by Sudip Kar-Gupta; Editing by Inti Landauro)

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