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SocGen Lifts Profitability Target in New Plan

Societe Generale lifted its profitability target as lifted the lender’s profitability target aims to cut costs and boost investor payouts with a new strategy. The French lender increased the goal for its return on tangible equity to between 13% and 14% in 2029 and to more than 15% after that, according to a statement Monday. Bloomberg's Tom Metcalf reports. (Source: Bloomberg)