French bank Societe Generale (PA:SOGN) plans to cut about 600 jobs at its investment banking unit in Paris and a few hundreds more in London and New York, a source at the bank said on Friday.
SocGen Chief Executive Frederic Oudea said two months ago the bank would cut costs by 500 million euros ($561 million) at its corporate and investment banking unit after its profits fell by half in the fourth quarter.
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