FRANCE - Société Générale has posted its third quarter results, showing sub-prime related losses and poor performance as a result of the turbulent summer in the asset management division, but an over all increase in assets under management.
Third quarter outflows were €12.6bn (US$18.5bn) against inflows of €5.6bn ($8.2bn) for the same period last year. The majority of these outflows (€7.4bn, $10.9bn) were incurred through withdrawals ...
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