SOCIETE GENERALE TRADING TROUBLES – Traditionally equities has always been a strength for Societe Generale, however, revenues in their equities franchise fell 19% last quarter, with trading taking most of the impact.Omar Fall, banks analyst at Mediobanca commented on the decline in trading revenues, stating they are “near worse in class.” Trading revenues which include fixed income, fell by about a quarter. Fall goes on to explain the issues facing SocGen, “The elements of our negative thesis are all confirmed here: loss of share in Corporate and Investment Banking, litigation risk and under-performance in French retail.” Shares at SocGen fell by 4.5%, whilst the bank has set aside €300mn for litigation expenses, and with low interest rates at the consumer-banking unit contributing to a 5% drop in revenues. It has not been a good year for SG. #SpartanInternational