French banks 'can use their own profits' to meet new capital demands


French bank shares rose sharply after it emerged they had comparatively small amount to raise to cover their part of the debt crisis lending plan.

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Shares in Société Générale, BNP Paribas and Crédit Agricole rose sharply on Thursday morning after it emerged that French banks would only have to find another €8.8bn to cover their part of the €106bn capital shortfall among lenders identified by Europe's leaders, reports The Financial Times.