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 implications do the job cuts have for the investment bank's future?

What are the potential activities under review beyond Asia?