SocGen and all other French banks falling again by some 10% today after losing more than halve of their value already during this calendar year.
The company's reaction? The usual program of job cuts and selling of non-core assets is being pulled out. Write-downs own questionable governemnt debt? Nah, lets trust the internal calculations over market prices
Read more on
http://www.bloomberg.com/news/2011-09-12/societe-generale-to-sell-eu4-billion-in-assets-by-2013.html
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