French official urges tighter bank rules
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French Finance Minister Christine Lagarde said Societe Generale followed market rules when it unwound unauthorized transactions by a rogue trader in a move that cost the bank billions, but urged tighter controls on banks in France.
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PARIS France&#39;s health minister is calling for hospitals and police to work more closely after the gruesome killings of two workers at a mental hospital.
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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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European Central Bank President Jean-Claude Trichet on Sunday brushed off French criticism of the ECB, saying that sticking to its job of ensuring price stability was the best way to promote growth and jobs.
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The French government piled pressure Tuesday on Societe Generale chairman Daniel Bouton over the handling of unauthorised deals by a junior trader which ended in 7.1 billion dollars of losses.
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PARIS -- France's finance minister said he would use a visit to Berlin today to iron out ''misunderstandings&quot; over his interventions to protect French companies, which have irked German politicians and business leaders.
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French Prime Minister Francois Fillon on Monday warned that the country&#39;s public finances were in a &quot;critical&quot; state and that drastic action is needed.
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Exchange officials warned Societe Generale about Jerome Kerviel's deals late last year, a Paris prosecutor said on Monday, piling pressure on the French bank to explain how the junior trader almost brought it down.
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Tougher funding standards are needed to prevent a repeat of money market turmoil, the FSA says.
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The French government will not allow the crisis-hit bank Societe Generale to be the target of a "hostile" takeover bid, Prime Minister Francois Fillon warned on Tuesday.
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As numerous European banks assess whether to make a bid for SociÃ©tÃ© GÃ©nÃ©rale, regulators in Brussels warned France against any effort to thwart open competition.
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Exchange officials warned Societe Generale about rogue trader Jerome Kerviel's deals late last year, a Paris prosecutor said, piling pressure on the French bank to explain why the trades were not discovered earlier.
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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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Societe Generale chairman Daniel Bouton will stay at the helm of the scandal-marred bank, a bank official said Wednesday.
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French President Nicolas Sarkozy unveils plans to give French employers incentives to allow overtime.
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French President Jacques Chirac, who has urged an end to an EU arms embargo on China, yesterday called for closer defense coopera-tion between Paris and Beijing at a meeting with Chinese Defense Minister Cao ...
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France stepped up efforts to restore confidence in the banking system as Societe Generale faced tough questions on Friday over why it failed to prevent the biggest financial dealing scandal in history.