Breakingviews – SocGen’s BNP envy carries a cost
Breakingviews - SocGen’s BNP envy carries a cost,Slawomir Krupa is solving one problem while exacerbating another. The future Société Générale chief executive, who currently runs the investment banking division, is forming a joint venture with AllianceBernstein’s research unit. It helps give the $20 billion French lender a more rounded equities offering, but also suggests he is doubling down on a low-return business that shareholders dislike.

Breakingviews – SocGen’s BNP envy carries a cost

Slawomir Krupa is solving one problem while exacerbating another. The future Société Générale chief executive, who currently runs the investment banking division, is forming a joint venture with AllianceBernstein’s research unit. It helps give the $20 billion French lender a more rounded equities offering, but also suggests he is doubling down on a low-return business that shareholders dislike.