French Banks must now declare all activities

French banks Must Declare all their Activities?

According to Le Monde, the prudential and resolution Authority requested information from the French banks on their activities in tax havens. After the release of the Panama papers, and the undeclared activities of individuals and companies in the Tax haven, The Prudential and Resolution Authority (ACPR) has requested information from the French banks.  “All this […]

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Mobilisation against Financial scams on the Internet

Mobilization to Fight against Financial Scams on Internet

Four organizations will join forces financial scams on the internet. They have caused 4.5 billion loss in six years.  The Paris prosecutor’s office, Fraud Control, the stock market watchdog and the banks will join forces to try to stop the explosion of financial scams on the internet, which would have caused 4.5 billion loss in […]

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Alexandre Callet decided to ban access to its restaurant to the bankers after refusal of a loan

“Dogs allowed, Bankers prohibited”: A Restaurateur Avenges a Denial of Credit

Bankers can not enter the restaurant unless they pay “an entry fee of 70,000 euros” … The formulation is steep but the intent is clear: the owner of a gourmet restaurant in Rueil-Malmaison (Hauts-de-Seine) decided to ban the entry of its establishment to the bankers. So he set before the door of Richelieu’s Stables a […]

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Visa American is to buy Visa Europe

Visa American to buy Visa Europe for up to 21.2 billion euros

The US credit card issuer Visa will acquire its former European subsidiary Visa Europe for a total enterprise value that can reach up to 21.2 billion euros, according to a joint statement Monday. The US credit card issuer Visa will acquire its former European subsidiary Visa Europe for a total enterprise value can reach up […]

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Mortgage rates are expected to stay low

Mortgage Rates Should Remain Low Until End of the Year

The mortgage rates are expected to remain at levels … The mortgage rates here in France are expected to remain at historically low levels until late 2015, say credit brokers. Friday Immoprêt broker observes in its latest barometer, from May to June, credit rates have mostly fallen “for the first time in recent months, although […]

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