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Stock Market & Financial Investment News

News Breaks
May 13, 2014
06:24 EDTSCGLYSociete Generale pledges to lift profit over next three years, WSJ reports
Societe Generale is pledging to raise its profit through 2016, and says it expects 3% annual revenue growth through 2016, the Wall Street Journal reports. The French bank believes Russia will be among the main growth drivers. Reference Link
News For SCGLY From The Last 14 Days
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August 19, 2014
06:34 EDTSCGLYGoldman abandons effort to toss out $1B Gaddafi suit, Telegraph says
Goldman Sachs (GS) abandoned its effort to toss out a London court suit from the Libyan Investment Authority who alleged that the bank lost over $1B worth of funds during the final years of Muammar Gaddafi's reign as dictator, according to the Telegraph, citing comments from the LIA. The LIA sued both Goldman and Societe Generale (SCGLY) over claims that the banks' London divisions took-in exorbitant fees while losing money in derivative trades. Reference Link

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