Troubled French bank boss resigns
 The trading incident caused a loss of 600m euros |
The chairman of French savings bank Caisse d'Epargne has quit over the loss of 600m euros (£466m) in a "trading incident" amid global market chaos.
This is TOTALLY what happens when you try to follow the trends of a market that is failing. By the time they announce their bailout plan.......OMG they already did.........
France unveils bank rescue plan
 The banks will collectively receive 10.5bn euros |
The French government is to inject 10.5bn euros ($14bn; £8.2bn) into the country's six largest banks.
A few more Chairmen are bound to come forward and express their apologies to the French working class. Meanwhile, how long will I have to wait for my restaurant! Gotta love the RED, WHITE, and BLUE.
Credits for headlines to BBC.co.uk
3 comments:
WOW!! I just found out all about the french banking system!!! Best wishes
on a new blog girl!!! Is that Thierry under a bridge up on top? Looks great!
Thanks mama! Tryin to be politically comedic.
Kisses!
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