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“The French banking industry is probably the safest in Europe in terms of cost of risk and quality of assets” |
In the month the sovereign debt crisis briefly came home to core Europe, a senior French banker had a surprise message.
“I would say that the French banking industry is probably the safest in Europe in terms of cost of risk and quality of assets,” says Séverin Cabannes, deputy chief executive of Société Générale.
That’s a bold statement to make at the best of times.
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