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BofA said to have the 'worst governance'

Bank Of America Building

Bank of America, which overruled a shareholder vote mandating an independent chairman, has the worst corporate governance of any big bank since Citigroup before the financial crisis, CLSA analyst Mike Mayo said.

Societe Generale sees profit jump, hikes capital

Thumbs Up At Desk

France's second-largest listed lender, Societe Generale posted a better-than-expected 25 percent increase in net income in the three months to June of this year as the bank said it planned to hike its capital buffer.