Economy

French Banks Display Stability, Bank of France Head Comments on Credit Suisse Takeover

Bank of France head Francois Villeroy de Galhau highlighted the stability and profitability of French banks, noting their good liquidity and capital positions. He made these remarks during an interview on France Inter radio on Monday.

, and Uzay Erol

March 20, 2023 . 11:50 AM

1 min read

Francois Villeroy, Bank of France Governor

UBS's Acquisition of Credit Suisse was Greeted Positively

Villeroy also welcomed the move by Switzerland's UBS (UBSG.S) to acquire Credit Suisse (CSGN.S), emphasizing the importance of diversified business models and strong risk controls in the banking industry.

LATEST: Bank of France head and European Central Bank's Villeroy told Le Monde that France should avoid a recession and that French banks are solid.
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ECB Committed to Curbing Inflation

As a European Central Bank (ECB) member, Villeroy reaffirmed the institution's determination to tackle inflation. He anticipates a decrease in global agricultural prices by June, which should contribute to alleviating pressure on food prices.