Disgraced French minister bows out

The head of Societe Generale's Russian unit Rosbank has been charged with bribery. Investigators released a film of him with cash piled on his office desk, in what several bankers said may have been a set-up. Investigators said on Thursday they had ...

A senior trader with BNP Paribas left the French bank last year after his US-based unit traded losses of over $10 million, the Financial Times reported late Thursday on its website.Lionel Crassier, US head of equities at the time, was ordered back ...

PARIS (Reuters) - France has opened a probe into whether British bank HSBC offered illicit products to help French clients avoid tax in Switzerland, the Paris prosecutors' office said on Tuesday.

French president Francois Hollande is setting up a new prosecutor for financial crimes and is demanding that French banks release annual lists of all their affiliates around the world, after the

The separate national statistics institute INSEE is to publish on Wednesday its estimate of economic activity in the first quarter of this year.

Mired in a scandal over an ex-minister's secret Swiss bank account, French President Francois Hollande on Wednesday vowed to "eradicate" tax havens, increase checks on officials' finances and crack down on tax cheats.

French magistrates have opened a probe targeting global bank HSBC into alleged illegal solicitation of clients and money laundering.

Societe Generale, the French multinational bank is currently defensive about currencies of emerging markets given the strong dollar environment.

French bank Societe Generale may cut between 600 and 700 jobs as part of a broader cost-cutting drive in the face of stagnant growth.