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This department, based in Brussels and in Paris, handles relations with EU institutions and the various bodies representing the banking and financial services industries in Europe. It monitors international issues and relations with global banking associations, and deals with issues that specifically concern foreign banks operating in France.
The banking industry in France has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt. [1] France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts.
The Bank of France (French: Banque de France [bɑ̃k də fʁɑ̃s], the name used by the bank to refer to itself in all English communications) is the member of the Eurosystem for France. It was established by Napoleon Bonaparte in 1800 as a private-sector corporation with unique public status.
Eurobank participated in foreign currency exchange and Eurocurrency markets and was a leader in Eurodollar lending. In December 1973, Eurobank and Credit Lyonnais formed the Societe pour la Promotion Europeenne du Leasing (Promolease) based in Paris to promote and finance leasing operations for Soviet heavy construction equipment, Soviet snowplows, Soviet machine tools, Soviet Lada vehicles ...
The bank also launched into insurance savings, with Vie-Bred contracts in 1980, then the creation of Prepar in 1983, its own insurance company. In 1989, BRED managed 2 billion francs in insurance reserves. In 1982, the bank also acquired Richelieu, a securities firm, renamed Compagnie financière d'épargne et de placement (CFEP) the following ...
The bank was thus poised to develop its activities freely in commercial banking for French companies and, before long, on an international scale. [ 5 ] The 1960s to 1980 saw Paribas start an investment bank in New York which it expanded into an internal banking network with offices in a number of countries and started an asset management ...
U.S. Surgeon General Dr. Vivek Murthy warned in a recent advisory about alcohol use increasing cancer risk. The advisory notes that alcohol can increase the risk of throat, liver, esophageal ...
The Banque et Caisse d'Épargne de l'État (French pronunciation: [bɑ̃k e kɛs depaʁɲ də leta], State Bank and Savings Bank), also known by its Luxembourgish name Spuerkeess (lit. ' Savings Bank '), is the leading national financial institution founded in 1856 and governed by the law of 24 March