SocGen culls top ranks after €1.26bn loss

Société Générale missed out on the surge in trading in the spring when clients frantically repositioned their portfolios Société Générale missed out on the surge in trading in the spring when clients frantically repositioned their portfolios © Bloomberg

Société Générale has culled its top ranks, announcing the departure of two deputy chief executives, after the French bank slumped to its worst quarter for more than a decade.