France

SocGen halt processing of checks from Israel banks

FRANCE - French bank Societe Generale SA (F.SGF) said Wednesday it has stopped accepting checks from its correspondent banks in Israel for a temporary period of two months amid the furore over an alleged money-laundering ring.

Bankers quizzed over money laundering

FRANCE - Daniel Bouton, chairman of Societe Generale, the French bank, has became the latest in a long line of prominent French businesspeople to fall foul of the country's investigating magistrates.

ECB's Trichet gives little away on rates

EUROPE - European Central Bank Governing Council member and Bank of France Governor Jean-Claude Trichet gave little indication in a German newspaper interview Saturday of when the ECB might cut interest rates again.

Trichet sees 0.3% growth in France in 4th quarter

FRANCE - Bank of France Governor Jean-Claude Trichet expects French economic growth at 0.3% in the fourth quarter of 2001, following estimated 0.3% growth in the third quarter, according to an interview Monday in French daily newspaper La Croix.

OECD forecasts recovery

The OECD's forecasts, while acknowledging that the world may already be in recession, suggest that the recession may not be prolonged and it still expects a sharp recovery next year. "I don't see this as a severe global recession," Chief Economist…

Bank of France aims to maintain note printing

FRANCE - The Bank of France has "the firm intention of remaining an important player on the European money printing market", according to Michel Perdrix, managing director of the note printing unit at the French central bank.

IMF cuts forecast for growth in France

FRANCE - The International Monetary Fund, blaming the effects of the September 11 terrorist attacks in the US, has cut its forecast for French economic growth next year to around 1.6 per cent from an earlier prediction of 2.1 per cent.

Error rate high with euro notes trial in France

FRANCE - Two months before euro notes and coins come into circulation, the financial community is concerned that cashiers in shops and banks will not be ready to use euros and detect fake notes from 1 January.

Bank of France printing staff continue strike

FRANCE - Employees belonging to the CGT union at the Bank of France's printing division have extended until today, 3 October, a strike that has been observed since 12 September.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.