Page last updated at 23:33 GMT, Wednesday, 13 January 2010

Societe Generale warns on profits

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French bank Societe Generale (SocGen) has issued a profit warning, saying it expects to write down a further 1.4bn euros (£1.25bn) in risky assets.

SocGen said it forecasts a "slight profit" for the fourth quarter of 2009.

It did not provide a specific figure, but profits are now expected to come in well below analyst estimates of between 850m euros and 960m euros.

Philip Hampsheir reports.

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