SOC-GEN & UNICREDIT MERGER RUMOURS SQUASHED – Over the weekend there was speculation of a merger between Societe Generale and UniCredit, now the Chairman of Societe Generale has something to say about it. The report over the weekend stated Jean-Pierre Mustier, UniCredit CEO & Former Head of Investment Banking at Societe Generale has been exploring a merger with the French Lender for months. Lorenzo Bini Smaghi, Chairman of Societe Generale, said “Don’t hold your breath, you may die. People have been talking for years [about the prospect of a UniCredit merger], and [it has] not led to anything.” He was sure to add in the fact that the bank has not yet “ruled anything out”. Is he stoking the fire or creating a smoke screen? Time will tell. #SpartanInternational