SG: structured product portfolios benefit from more stable markets

Société Générale’s revenues in its global markets & investor services division were down 7.2% in the first quarter of 2019, impacted by ‘challenging market conditions’. Equities and prime services posted net banking income of €624m (US$698m) in Q1 2019, down 5.3% compared to the first quarter of 2018, due to ‘sluggish’ commercial activity and volatility, however, at the same time, structured product portfolios benefited from more