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France, Central Bank: "Solid institutions, not afraid of the stock market"

Governor Christian Noyer has tried to calm tensions on the markets by arguing that investor sales will not be enough to undermine the transalpine banking system.

France, Central Bank: "Solid institutions, not afraid of the stock market"

The fall of the stock exchanges is not capable of compromising the solidity of French banks, which remain solid. This was stated by Christian Noyer, governor of the Central Bank of Paris, who intervened this morning to reassure the markets and cool the tension that is sinking above all bank stocks in these hours.
Since yesterday, the securities of transalpine credit institutions have been targeted by heavy sell-offs. Difficult situation especially for Société Générale, the second largest bank in the country, which continues to fluctuate on the Stock Exchange. Shortly before the 14th the Cac 40 index was in the red by 2,7 points.

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