SocGen squeezes investment bank in RWA purge

In pursuit of a stronger capital ratio, French lender Societe Generale eradicated €31 billion ($34 billion) of risk-weighted assets (RWAs) in 2019, with its investment banking unit taking the bulk of the downsizing. 

Total RWAs fell –8% over the year to €345 billion. At the global banking and investor solutions division, the firm’s trading and investment bank entity, RWAs shrunk €24.6 billion (–17%) to €117.7 billion. These dwarfed RWA cuts of €4.4 billion (–4%) at its international retail

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