Bloomberg Societe Generale SA reported an unexpected increase in first-quarter profit, boosted by consumer banking, and announced plans to deepen cost cuts at its investment bank. The shares jumped. Net income rose to 924 million euros ($1.06 billion) from 868 million euros a year earlier, the Paris-based bank said on Wednesday. That beat the 765 million-euro average estimate of ...

  Bloomberg Prashant Jain, who oversees $27 billion at HDFC Asset Management Co., took home Rs.61.7 million ($931,000) in salary and Rs.163 million in stock options in the year ended on March 31, figures posted on the fund’s website for investors show. ICICI Prudential Asset Management Co., the second-largest fund, paid its Chief Investment Officer S. Naren Rs.48 million, while ...

  Bloomberg HSBC Private Bank (Suisse) SA is appealing a HK$605 million ($78 million) fine imposed by Hong Kong’s securities regulator in connection with its sales of structured products including Lehman Brothers Holdings Inc.-related notes between 2003 and 2008. The appeal hearing began in the city on Wednesday after the Securities and Futures Commission previously alleged failures in internal controls ...