- Title: French banks stable, Credit Suisse takeover deal welcome: Bank of France head
- Date: 20th March 2023
- Summary: BAGHDAD, IRAQ (MARCH 20, 2023) (REUTERS) TRAFFIC ON TAHRIR SQUARE DETAILS OF FREEDOM MONUMENT ON TAHRIR SQUARE PEOPLE ON TAHRIR SQUARE MORE OF TRAFFIC (SOUNDBITE) (Arabic) IRAQI JOURNALIST, (54), KAMAL AL-KAABI, SAYING: "(Former U.S President George) Bush had promised that Iraq would become a paradise after the fall of the regime (of Saddam Hussein). But on the contrary we
- Embargoed: 3rd April 2023 10:20
- Keywords: Bank of France Credit Suisse French banks Villeroy de Galhau banking system
- Location: PARIS & PUTEAUX, FRANCE
- City: PARIS & PUTEAUX, FRANCE
- Country: France
- Topics: Company News Markets,Europe,Economic Events
- Reuters ID: LVA004864420032023RP1
- Aspect Ratio: 16:9
- Story Text: Bank of France head Francois Villeroy de Galhau on Monday (March 20) said French banks were stable and profitable and had good liquidity and capital positions, as he also welcomed Switzerland's move for UBS UBSG.S to buy Credit SuisseCSGN.S.
"They have diversified business models, which are profitable. They have strong risk controls and, above all, they have very important levels of liquidity and capital," Villeroy told France Inter radio on Monday.
Villeroy, who is also a member of the European Central Bank (ECB), reaffirmed that the ECB was determined to bring down inflation, and that he expected global agricultural prices to go down in June, which should help ease pressures on food prices.
(Production: Michaela Cabrera) - Copyright Holder: REUTERS
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