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Report: SocGen to cut 125 jobs

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Report: SocGen to cut 125 jobs

said April 4that it will cut 125 jobs in France, primarily in its trading division, Reutersreported the same day.

Some90 jobs are set to go at the bank's global banking and investor solutionsdivision and a further 35 positions will be trimmed at the unit.

SocGenblamed the cuts on rising regulatory constraints, Reuters noted.