Société Générale retail arm outshines lacklustre investment banking unit
Momentum building in bank’s French retail business helps to drive turnaround
Momentum building in bank’s French retail business helps to drive turnaround

Shares in the problem child of French banking have soared, just as its rival BNP Paribas has stumbled

Equities unit powers bank’s earnings, while fixed-income, currencies and commodities business fell well short

BNP Paribas and Crédit Agricole report higher first-quarter profit but are unable to fully capitalise on market volatility

Private credit groups, hedge funds and other institutions account for more than half of global financial assets

Large investment banks have become increasingly reliant on markets financing, report says

Plus central bank hold ’em