Societe Generale To Focus On Forex
NEWS
PARIS--Societe Generale (SG) is to beef up its foreign exchange business, following the decision to ditch its emerging markets fixed income business in Europe and the US.
SG said last week it wants to concentrate on developing its core businesses--foreign exchange, treasury activities and derivatives--although the bank will not give details on what the development will entail.
But recruitment insiders say the bank is particularly eyeing up an expansion in the spot forex trading business.
The forex
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