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Livret A
The Livret A is a financial product offered by French banks. Established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars, part of the funds are now transferred to and re-invested by the Caisse des dépôts et consignations, owned by the French state, to build HLM, or social housing, and repay debt. The remaining funds are used by banks to give loans to French small and medium-sized enterprises. The product acts as a savings account for French citizens and residents, and the annual returns are not taxed. In December 2024, it was owned by 56 million individuals, for a total amount of 442.5 billion euros. Early history The Livret A was established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars.Mathias ThépotOù va vraiment l'argent du Livret A ? ''La Tribune'', February 22, 2012Marc VignaudCOMPRENDRE - Comment le livret A finance le logement social ''Le Point'', October 1, 2008 The funds are held and re- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered to be a systemically important bank by the Financial Stability Board. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th century The bank was founded by a group of industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In France
The banking industry in France has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt. France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts. During 2018 the banking sector of the French economy employed 362,800 people. Largest banks The largest banks by total assets in Euros (as of year end 2020) in France are the following: 1. BNP Paribas: $2,488.5 bn 2. Crédit Agricole: $1,961.1 bn 3. Société Générale: $1,462.0 bn 4. BPCE: $863.3 bn 5. Crédit Mutuel - CIC: $624.0 Bn History of banking At about the time of the commencement of the year 1800, and of the first period of revolutionary change in banking within the continent of Europe, the high banking houses of France included the Banque Hottinguer, Hottinguer, :fr:Banque Mallet, Mallet (fr), :fr:Famille Poupart d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Area Crisis
The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt crisis and financial crisis in the European Union (EU) from 2009 until, in Greece, 2018. The eurozone member states of Greece, Portugal, Ireland, and Cyprus were unable to repay or refinance their government debt or to bailout fragile banks under their national supervision and needed assistance from other eurozone countries, the European Central Bank (ECB), and the International Monetary Fund (IMF). The crisis included the Greek government-debt crisis, the 2008–2014 Spanish financial crisis, the 2010–2014 Portuguese financial crisis, the post-2008 Irish banking crisis and the post-2008 Irish economic downturn, as well as the 2012–2013 Cypriot financial crisis. The crisis contributed to changes in leadership in Greece, Ireland, France, Italy, Portugal, Spain, Slovenia, Slovakia, Belgium, and the Netherlands as well as in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rate Of Return
In finance, return is a profit on an investment. It comprises any change in value of the investment, and/or cash flows (or securities, or other investments) which the investor receives from that investment over a specified time period, such as interest payments, coupons, cash dividends and stock dividends. It may be measured either in absolute terms (e.g., dollars) or as a percentage of the amount invested. The latter is also called the holding period return. A loss instead of a profit is described as a '' negative return'', assuming the amount invested is greater than zero. To compare returns over time periods of different lengths on an equal basis, it is useful to convert each return into a return over a period of time of a standard length. The result of the conversion is called the rate of return. Typically, the period of time is a year, in which case the rate of return is also called the annualized return, and the conversion process, described below, is called ''annualiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Challenges (magazine)
''Challenges'' is a weekly business magazine headquartered in Paris, France. It is owned by Claude Perdriel (60%) and Bernard Arnault (40%) via their groups Presse Perdriel and LVMH. It has an economic liberal editorial stance and supported Emmanuel Macron during the 2017 French presidential election. History and profile ''Challenges'' was established in 1982. The magazine offers articles on economy and business-related events and on politics and world affairs. It is published weekly on Thursdays. Previously, it was published monthly and then biweekly. Its motto is ''Que dit l'économie cette semaine?'' (). In 1987, Claude Perdriel, owner of ''Le Nouvel Observateur'', bought the monthly magazine and renamed it as ''Challenges''. Le Nouvel Observateur Group is the owner and publisher of ''Challenges''. The company also owns ''Le Nouvel Observateur''. Former publisher of ''Challenges'' was Croque Futur. The magazine is published by Regie OBS. ''Challenges'' was named as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Hollande
François Gérard Georges Nicolas Hollande (; born 12 August 1954) is a French politician who served as President of France from 2012 to 2017. Before his presidency, he was First Secretary of the Socialist Party (France), First Secretary of the Socialist Party (France), Socialist Party (PS) from 1997 to 2008, Mayor (France), Mayor of Tulle from 2001 to 2008, as well as President of the Departmental Council of Corrèze, General Council of Corrèze from 2008 to 2012. He has also held the Corrèze's 1st constituency, 1st constituency of Corrèze seat in the National Assembly (France), National Assembly three times, first from 1988 to 1993, then from 1997 to 2012, and from 2024 onwards. Born in Rouen and raised in Neuilly-sur-Seine, Hollande began his political career as a special advisor to newly elected President François Mitterrand before serving as a staffer for Max Gallo the government's spokesman. He became a member of the National Assembly in 1988 French legislative electio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 French Presidential Election
Presidential elections in France, Presidential elections were held in France on 22 April 2012 (or 21 April in some overseas departments and territories), with a second round Two-round system, run-off held on 6 May (or 5 May for those same territories) to elect the President of France (who is also ''ex officio'' one of the Co-Princes of Andorra, two joint heads of state of Andorra, a sovereign state). The incumbent Nicolas Sarkozy was running for a second five-year term for which he was eligible for under the Constitution of France. The first round ended with the selection of François Hollande and Nicolas Sarkozy as second round participants, as neither of them received a majority of votes cast in the first round. Hollande won the runoff with 51.64% of the vote to Sarkozy's 48.36%. It was the second time in French history and the first time since the 1981 French presidential election, 1981 election that a President seeking reelection was denied a second term, and the only time th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond Credit Rating
In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. The ratings are published by credit rating agencies and used by investment professionals to assess the likelihood the debt will be repaid. Credit rating agencies Credit rating is a highly concentrated industry with the "Big Three" credit rating agencies – Fitch Ratings, Moody's and Standard & Poor's (S&P) – controlling approximately 95% of the ratings business. Credit rating agencies registered as such with the SEC are " nationally recognized statistical rating organizations". The following firms are currently registered as NRSROs: A.M. Best Company, Inc.; DBRS Ltd.; Egan-Jones Rating Company; Fitch, Inc.; HR Ratings; Japan Credit Rating Agency; Kroll Bond Rating Agency; Moody's Investors Service, Inc.; Rating and Investment Information, Inc.; Morningstar Credit Ratings, LLC; and Standard & Poor's Ratings Services. Under the Credit Rating Agency Reform Act, an NR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Departments Of France
In the administrative divisions of France, the department (, ) is one of the three levels of government under the national level ("territorial collectivity, territorial collectivities"), between the Regions of France, administrative regions and the Communes of France, communes. There are a total of 101 departments, consisting of ninety-six departments in metropolitan France, and five Overseas department and region, overseas departments, which are also classified as overseas regions. Departments are further subdivided into 333 Arrondissements of France, arrondissements and 2,054 Cantons of France, cantons (as of 2023). These last two levels of government have no political autonomy, instead serving as the administrative basis for the local organisation of police, fire departments, and, in certain cases, elections. Each department is administered by an elected body called a departmental council (France), departmental council ( , ). From 1800 to April 2015, these were called gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, 39 Agricole regional banks and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., as an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered to be a systemically important bank by the Financial Stability Board. It was the title sponsor of the Cr� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
