SOC-GEN EQUITIES TRADING DOWN COMPARED TO RIVALS – Q2 results in equities trading shows Societe Generale have under performed when compared with French banking rivals. Reports indicate that SocGen’s revenues are lower than that of BNP Paribas and Natixis. While BNP reported increases of 25.7% in equities trading & prime services, and Natixis announcing a 33% rise in equity trading, SG’s prime services revenues only grew 8%. SocGen’s overall equities franchise took a hit, dipping 3% to €549m. Traditionally equities has been a strong suit for France’s second largest bank, but the under performances in revenue could arguably be put down to legal costs, as they have paid out over €300mn to settle legal disputes and scandals. The firms overall profits fell 28%. #SpartanInternational