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It was signed by some of France's most high-profile chief executives, including Christophe de Margerie of oil firm Total, Frederic Oudea of bank Societe Generale, and Air France's Jean-Cyril Spinetta.
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France's Societe Generale has said it is considering cutting hundreds of jobs to boost profits amid a weak economy.
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It's fair to expect the insurer to either develop its holding now, or become a more upfront matchmaker with, say, France's Societe Generale, now widely thought to be a good fit.
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In the UK, Royal Bank of Scotland and Lloyds Banking Group both lost about 2.3%, in France Credit Agricole and Societe Generale fell about 2%, while in Germany Commerzbank slipped 1.7%.
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In France, Credit Agricole, Societe Generale and UniCredit rose between 2.9% and 5.8%.
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In France, investors welcomed announcements of additional cost-cutting efforts by Societe Generale and Credit Agricole to boost their bottom line.
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The temporary European ban, announced last night, comes in the wake of dramatic falls in the share prices of European banks, especially those of Italy and France - where on Wednesday the shares in one giant bank, Societe Generale, were more than a fifth lower at one stage.
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