Keyword: banks

France sets ceiling for bank exposure to corporate debt

A government financial watchdog has announced the top six banks in France must from July limit their exposure to indebted companies at five percent of their capital, in a move aimed at slowing what has become record-level borrowing by French businesses

French banks say they will create 1,000 jobs in Paris after Brexit

Top French banks have said that after Britain's departure from the European Union a total of 1,000 jobs will be created by moving part of their current operations in London to Paris.

France turns anglophone to woo UK businesses

Regulators will accept paperwork in English in attempt to persuade finance firms to move from London to Paris after Brexit vote.

French finance minister urges EU help for Italian banks

Michel Sapin said Italy's banking sector should be allowed support of state aid to recover from dumping of shares amid concerns of bad loans.

The dire consequences of the secret treaty to deregulate the global financial markets

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Beginning in 2013, representatives of the United States, the European Union on behalf of its 28 member states, along with more than 20 other countries have been regularly meeting in Geneva to secretly negotiate a future treaty for the liberalization of the international services market, called the Trade in Services Agreement (TISA). By far the largest single sector of this market is that of financial services, which the treaty plans to deregulate on despite all the evidence provided by the global financial crisis of the folly of such a move. The details of the treaty have until now been kept secret from public scrutiny, but for the recent revelation by WikiLeaks of the draft text of the treaty’s Financial Services Annex. To understand the full implications of the opaque dealings in Geneva, Martine Orange turned to Dominique Plihon, a former advisor to the French government on economic issues, alter-globalization militant and a professor with Paris-XIII university specialized in the financial economy.

Black rights groups urge French banks to pay for slavery

Organisation attacks the 'crucial role' played by the banking industry in propping up slavery in France as nation marks Slavery Remembrance Day.

France says 16,000 declare hidden bank accounts

Budget minister Bernard Cazeneuve says the government is on track to collect 230 million euros from just 2,621 of the cases.

France hails new eurozone banks mechanism, but analysts unconvinced

François Hollande says new institution to save or shut troubled eurozone banks will spare governments, but financial experts are sceptical.

French tobacconists to offer cut-price banking services

France's huge network of tobacconists are to offer a stripped-down banking business as major banks cut back their services in a stagnating economy.

Swiss banks demand proof French clients not dodging tax: Report

Newspaper says UBS and Credit Suisse are asking for a document certifying customers' accounts are in line with tax authority requirements.

Fighting the organised crime of tax evasion

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Earlier this month it was revealed that French tycoon Bernard Arnault, chief executive of luxury goods firm LVMH, the wealthiest person in France and the fourth wealthiest worldwide, has applied for dual Belgian nationality. The French conservative opposition was quick to cite it as an example of the flight of capital that will follow higher taxes the government is to impose on the country’s top income earners, while President François Hollande decried Arnault's lack of patriotism. Mediapart Editor-in-Chief Edwy Plenel sets out here how tax evasion has become a colossal and insitutionalised business at the centre of the economy. Fighting it has never been more urgent, yet little effort - if any - is being made to prevent it or to sanction those who are bleeding society of vital resources.  

Paris mayor wins battle to end car traffic along River Seine banks

Pedestrianisation of one of Europe's most picturesque urban riversides sounds the death knell for the Seine's non-stop riverside express roads.

Greek euro exit 'won't sink French banks': Bank of France governor

No French banking group is in danger even in the "extreme" scenario that Greece leaves the euro, says the Governor of the Bank of France.

French banks threaten exile if Tobin tax imposed

The French Bank Federation warns banks may move large parts of operations abroad if Paris unilaterally introduces 'Tobin tax' on transactions.

Europe's banks are staring into the abyss

Distinguished UK economist warns that French government is just days away from recapitalizing the country's banking system for a second time.