Wednesday 22 August 2012

Slimmed-down banks get real with towering offices

(Full story)

By Tom Bill, Lionel Laurent and Christian Plumb


Aug 22 (Reuters) - In summer 2007, French bank Societe Generale drew up plans for a stylish glass building to house 3,500 traders at the foot of its twin-tower headquarters in La Defense, the business district of west Paris.

The five-storey block of trading floors, each the size of half a soccer pitch, will open its doors later this year, but the bank will struggle to fill the 250 million euro ($309 million) structure since the intervening financial crisis forced it to cut 880 jobs in France.

"It's been such a saga," said one SocGen trader who is destined to move in. "We've been told that we may end up simply having to rent it out, or put in a gym if we can't fill it."

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