France has a large, well-developed financial system. Banking, finance, insurance, real estate and other business services accounted for nearly 30 percent of France’s GDP in 1998.
France’s major banks are among the largest in the world. They include Banque Nationale de Paris (BNP), Crédit Agricole, Crédit Lyonnais, and Société Générale.
The French insurance sector is the world’s fifth largest. In the late 1990s a wave of mergers, corporate restructuring, foreign investment, and continued privatization encouraged unprecedented consolidation in the banking and insurance sectors.
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MSNBC NEWS UPDATE
Stocks slip despite consumers' improving moods
By Charley Blaine and Elizabeth Strott
MSN April. 28
Concerns that Citigroup and Bank of America may need more capital offset better consumer confidence. IBM boosts its dividend 10%. Home prices aren't falling as fast as before. Researchers say Dendreon's prostate-cancer drug extends lives. story...
DOW off 51 as swine flu fears
By Charley Blaine and Elizabeth Strott
MSN April. 27
Investors dump airline and cruise stocks,story..Demand to see your credit score
By Liz Pulliam Weston
MSN April. 27
Experian's refusal to let consumers see their FICO scores, even for a price, hands more power to lenders. Lawmakers might end this outrage -- if we give them a push. story...
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