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SocGen says recovery fragile, Q2 beats forecasts

French bank Societe Generale warned the economic recovery was still fragile, with moderate growth prospects in Europe, after it beat forecasts with an almost fourfold leap in second-quarter net profit.

SocGen says recovery fragile as Q2 beats forecasts

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French bank Societe Generale warned the economic recovery was still fragile, with moderate growth prospects in Europe, after it beat forecasts with an almost fourfold leap in second-quarter net profit.

Wall Street set to jump on earnings optimism

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Wall Street was poised to open about 1 percent higher on Monday, building on last month's solid gains as investors focused on encouraging corporate results, including strong bank earnings out of Europe.
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HSBC, BNP profits top forecasts as bad debts tumble

HSBC and BNP Paribas, strengthened by the financial crisis in their roles as top European banks, both trumped earnings forecasts as bad debts fell sharply to make up for slowing investment banking growth.
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Citi to pay SEC $75 million

Citigroup Inc will pay U.S. regulators $75 million to settle charges that it failed to disclose $40 billion in subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
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Goldman and Citigroup to sell $788.5 million CMBS

Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis.
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WellPoint raises outlook as earnings top estimates

WellPoint Inc posted higher-than-expected quarterly profit on Wednesday on better performance of its health plans for small businesses and it raised its full-year outlook, the latest in a string of strong second-quarter earnings reports for U.S. health insurers.
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Office Depot quarterly loss narrows

Office Depot Inc reported a smaller-than-expected quarterly loss on lower distribution costs and other expense controls, sending shares of the No. 2 U.S. office supplies retailer up 8 percent.
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UBS outshines Deutsche Bank

UBS flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by the European sovereign debt crisis.
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Citi iPhone app stored user data, software fixed

Citigroup Inc's mobile banking software for Apple Inc's iPhone improperly stored some users' sensitive data in hidden files on the popular devices, but the bank said it has fixed the glitch.
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Mizuho, others to see Q1 profit over $1.1 billion: Nikkei

Japan's Mizuho Financial Group Inc , Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group Inc are likely to have each achieved net profits of over 100 billion yen ($1.14 billion) for the April-June period, the Nikkei business daily said on Sunday.
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China runs stress tests on property trusts: report

China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources.
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Pay czar names 17 firms for ill-advised pay

Seventeen financial firms made ill-advised payments to executives totaling $1.6 billion while taxpayers were bailing them out, U.S. pay czar Kenneth Feinberg said on Friday.
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Goldman coughs up counterparties on AIG hedge

Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection against the risk of a collapse of giant insurer American International Group , a source familiar with the matter said on Friday.
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Ford profit tops Wall Street forecasts

Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.
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Microsoft, Ford earnings lift stock futures

Stock index futures rose on Friday, as another batch of solid corporate results, including Microsoft and Ford, along with positive economic data in Europe eased fears about the strength of a recovery.
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Stock futures rise on earnings and European data

Stock index futures rose on Friday, as another batch of solid corporate results, including Microsoft and Ford, along with positive economic data in Europe eased fears about the strength of a recovery.
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Pay czar to cite Goldman, JPMorgan, Citi: report

Goldman Sachs Group Inc, JPMorgan Chase & Co and Citigroup Inc are among those Obama administration pay czar Kenneth Feinberg will cite for having made ill-advised payments, the Wall Street Journal reported on its web site on Thursday.
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Caterpillar tops view, raises forecast

Caterpillar Inc reported a stronger-than-expected quarterly profit on Thursday, and raised its full-year outlook, citing continued strong sales growth in emerging markets.
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Wells, U.S. Bancorp see some recovery

Wells Fargo & Co and US Bancorp, two of the largest banks in the United States, said rising loan demand helped lift their earnings more than analysts had expected.
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Wells Fargo tops forecast

Wells Fargo & Co , the fourth-largest U.S. bank, posted higher-than-expected quarterly earnings, helped by declining losses on commercial and consumer loans.

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