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SocGen is cut its retail and investiture banking costs and restructuring its loss-making Russian Federation operations in a command to improve gainfulness but, along with early banks, it is struggling to reach its targets as judicial proceeding and regulative expenses hike.

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Highlighting the challenges, SocGen's rejoinder on usual fairness (ROE) - a bar of how swell it uses shareholders' money to beget turn a profit - was 7.4 pct in the starting time one-half of the year, downhearted from 10.3 percentage a year ago.

SocGen aforementioned its revenue, excluding the VISA transaction, was stable in the arcsecond quarter, as stronger results in its outside retail banking and business enterprise services division helped outweigh a weaker performance in Gallic retail and investment banking.

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