Items Tagged with 'Asset Collateralized Entity'


  • SocGen Expects Q2 Profit

    French investment bank Société Générale expects to post a "slightly positive" net income for Q209, despite a €1.3bn (US$1.81bn) charge related to credit default swaps used to hedge the company's loan portfolio. "Solid operational performances, in particular in Corporate & Investment Banking, will absorb the significant negative impact on the accounts of the substantial tightening of credit spreads stemming from an improving market environment and reduced aversion to risk since mid-March," company officials say in a corporate release.
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