Gundlach Says SocGen CEO Has ‘No Idea What He Is Doing’
(Bloomberg) -- DoubleLine Capital CEO Jeffrey Gundlach had tough words for the head of Paris-based Societe Generale SA after its shares fell to a five-year low on Thursday.
The French bank said earlier in the day that it’s shrinking its markets business and cutting an additional 500 million euros of costs to combat a market rout that sent trading revenue tumbling.
Societe Generale did not immediately respond to requests for comment.
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