Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
Retail sales in the U.S. probably picked up in May as more people bought cars and took to shopping malls, data in the coming week may show.
HSBC Holdings Plc Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders.
"We could say that companies would have maximum interest to do the most possible transactions in other currencies."
- Christian Noyer on Jun 11, 2014
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