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Societe Generale resigns as London gold and silver market maker

Section: Daily Dispatches

By Peter Hobson
Reuters
Tuesday, April 30, 2019

LONDON -- The London Bullion Market Association said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business.

SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.

SocGen declined to comment on its resignation. ...

... For the remainder of the report:

https://www.reuters.com/article/gold-societegenerale/corrected-societe-g...


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