Ralph Lim, a professor at Sacred Heart University and member of the Stamford CFA Society, responds to announced layoffs in Stamford, Ct at Society Generale. The French Bank, known as “Soc Gen” is reducing staff in its commodity and energy trading area for which professor Lim states “A number of U.S. banks announced cuts for 2012 several months ago and many of the European banks are cutting back too — selling off divisions.” Read more.