BRIEF: Societe Generale to shut proprietary trading unit

BRIEF: Societe Generale to shut proprietary trading unit

French financial services giant, Societe Generale, said it will shut down its proprietary trading business.

Société Générale S.A. is a French multinational investment bank and financial services company headquartered in Paris, France.

The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial Services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services.