SocGen to axe 1,800 jobs in France as chief steps up cost cuts
Investors have started to reward turnaround effort under Slawomir Krupa
Investors have started to reward turnaround effort under Slawomir Krupa

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

French bank decides traders can operate from home if main sites are out of action

Household goods group to axe 15% of non-manufacturing roles over next two years amid tariff uncertainty

Employers look to cut down on costs as they accelerate investments in AI

Bank had set internal goal of reducing headcount to 85,000 from peak of 119,000

Deal would value French company at €5.4bn