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FEB 13, 2013 - Yahoo! News

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SocGen reshuffles exec team after fourth-quarter loss

PARIS (Reuters) - Societe Generale has reshuffled its management team and will seek cost cuts after swinging to a fourth-quarter loss on the back of a weak euro zone economy and one-off charges. France's No. 2 listed bank said finance chief Bertrand Badre - who is stepping down to join the World Bank after only a year in the job - would be replaced by his deputy Philippe Heim, while Jacques Ripoll, head of its GIMS asset-gathering division, was leaving the group, as Reuters reported on Tuesday. ...

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