December 19, 2007

Subprime impact on French banks limited: SocGen (Reuters)

Daniel Bouton, French bank Societe Generale's CEO, speaks during the company's annual general meeting in Paris, May 14, 2007. Bouton said in a newspaper interview published on Wednesday that he saw 'limited impact' on the profitability of France's banks from the current subprime mortgage crisis. (Benoit Tessier/Reuters)Reuters – The head of French bank Societe Generale
said in a newspaper interview published on Wednesday
that he saw “limited impact” on the profitability of France’s
banks from the current subprime mortgage crisis.

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