SocGen CEO focused on adapting to crisis to boost shares
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PARIS (Reuters) - Societe Generale will adapt its business to the conditions created by the coronavirus crisis and to ensure it changes the market view on the French bank's financial path, its Chief Executive Frederic Oudea said.SocGen surprised investors with a first quarter loss, as it hiked provisions for bad loans and its revenue was wiped out at its equity trading division due to the coronavirus crisis. Its share price has fallen sharply and was trading at 12.4 euros on Tuesday, down..