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SocGen and ING Beat Forecasts, but Face More EM Risk

Swinging to fourth quarter profit—French bank Societe Generale vows to return more cash to shareholders in 2014. It comes after France's second-largest bank capped a long-running push to boost the strength of its balance sheet. It sold assets, cut jobs and pulled out of markets like Greece and Egypt. And it was good news too for Dutch bank ING, also reporting better than expected results.

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