Société Générale triples CDS hedging portfolio

Société Générale has tripled the size of its CDO and CDS hedging portfolio over the first half of this year.

At the end of June, the bank had €22.1 billion hedged - up from €7.5 billion at the end of December, it revealed in its first-half results published today.Speaking at the announcement of the results in Paris, Jean-Pierre Mustier, chief executive of corporate & investment banking at Société Générale, said the increase is not an indication that the bank is bracing itself for a turn in the

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