The joke going around Parisian financial circles is that CGT, the Confédération Générale du Travail, the French trade union umbrella organization, has a new meaning: Confédération Générale des Traders. Meanwhile, at the investment banking office at Natixis, real CGT flags are draped in the windows.
Especially for someone used to London, investment banks are the last place you might expect to see union activity. But the strength of trade unions in continental Europe is a big worry for bank chief executives and their investors.
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