SocGen 3Q Profit EU863M; Misses Estimates

Societe Generale's Q3 performance fell short of Bloomberg's estimates, facing challenges in France and Russia. The CEO highlighted sluggish economic conditions and market challenges, but noted strong commercial activity and client growth. Despite lower trading revenues, the bank maintained stable litigation provisions. The CEO discussed the European economy's resilience and ECB policies, emphasizing the need for innovation and competitiveness. Societe Generale's capital levels remain unaffected by the situation in Russia.

What impact did the situation in Russia have on Societe Generale's earnings?

What does the CEO believe is more important than liquidity for banks today?