SocGen CEO Says Prop Trading Unit Is Under Review Amid Cuts

The investment bank is facing challenges in capital markets and is adjusting its strategic roadmap to focus on areas of excellence. A €500 million savings plan is announced to improve profitability by 2020. Job cuts are considered, but discussions with trade unions are pending. The bank is closing certain activities in Asia and focusing on core profitable activities.

What is the primary reason for the investment bank's strategic roadmap adjustment?

• To focus on areas with higher profitability

• To expand into new markets

• To reduce the number of products offered

• To increase the number of employees

What is the announced saving plan amount for the investment bank?

• €600 million

• €500 million

• €400 million

• €300 million

What is the current status of job cuts at the investment bank?

• Job cuts have been finalized

• Job cuts have been implemented

• Job cuts are still under discussion

• No job cuts are planned

Which region's activities have been confirmed as closed?

• Europe

• Asia

• North America

• Australia

Why is the investment bank considering discontinuing long-term commodity and credit trading?

• It is a regulatory requirement

• It is a new venture

• It is too expensive and not very profitable

• It is highly profitable