Problems at Caisse D’Epargne unacceptable-Sarkozy

October 18th, 2008 | by admin |

QUEBEC CITY, Oct 17 (Reuters) – French President NicholasSarkozy said on Friday that the problems at French savings bankCaisse D’Epargne are unacceptable.

Speaking in Quebec City, Sarkozy said those responsible forCaisse D’Epargne problems should bear the consequences. Thebank, which is merging with Banque Populaire [BNQPR.UL] tobecome France’s second-largest retail bank, disclosed a 600million euro ($808 million) trading loss on Friday.

(1 euro=$1.35) (Reporting by Randall Palmer, writing by John McCrank; Editingby Peter Galloway)

  1. One Response to “Problems at Caisse D’Epargne unacceptable-Sarkozy”

  2. By OXzcDp on Feb 14, 2010 | Reply

    GFVeft

Post a Comment