Lorre White reports, ‘French Banks Record Deposits …’

Will French Banks Record Deposits Grease The Wheels Of The Region’s Economic Recovery? French banks’ corporate deposits hit a record at the end of 2012, helped by clients like Sebastien Mejean, the co-founder of online jeans retailer Sojeans. The entrepreneur put most of the 2 million euros ($2.7 million) he raised from an Italian fund in deposits at Societe Generale SA and HSBC Holdings Plc’s French unit. Mejean, like BNP Paribas SA client LVMH Moet Hennessy Louis Vuitton, SA, the world’s … [Read more...]

The Brookings Institute, THE BURDEN OF PUBLIC DEBT AROUND THE WORLD

The Brookings Institution and the Financial Times have released an update to the "Burden of Public Debt Around the World" interactive feature, which reflects the sovereign sovereign debt crisis in Europe and issues surrounding the U.S. debt ceiling debate. Brookings Senior Fellow Eswar Prasad and his colleague Mengjie Ding illustrate how the ongoing debt burden in advanced economies is now a global threat. The interactive feature at FT.com illustrates the vast difference in public debt held by … [Read more...]

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