Hollande faces first French banking test




 
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Hollande faces first French banking test
 
May 21st, 2012  
News Manager
 

Topic: Hollande faces first French banking test


Hollande faces first French banking test
PARIS (Reuters) - The fate of a struggling small French mortgage lender will be the first banking test for President Francois Hollande, as he attempts to deliver on campaign promises of economic growth and tougher financial regulation. Policymakers and bankers are scrambling to avert an outright collapse of Credit Immobilier de France, whose future was thrown into doubt after Moody's cut its standalone bank financial strength rating and said it was no longer viable without support. ...

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