The primary role of France’s Caisse des Depots et Consignations, a state-run bank, isn’t to save troubled companies like PSA Peugeot Citroen and Doux SA, new head Jean-Pierre Jouyet told Journal du Dimanche in an interview.
Regulators may need to develop “circuit-breakers” that halt high-frequency trading practices like those that exacerbated a stock market plunge a year ago, said the head of France’s financial markets regulator.
Former Nasdaq Stock Market Managing Director Donald Johnson pleaded guilty to using information gleaned from his position with the exchange to engage in insider trading, the U.S. Justice Department said.
Standard & Poor’s, Moody’s Investors Service and Paris-based Fimalac SA’s Fitch Ratings Ltd. should make ratings on companies more transparent to increase their usefulness to investors, France’s market regulator said today.
President Francois Hollande will spend his first hours as French president huddled in meetings today with German Chancellor Angela Merkel, underscoring rising concern that Greece is headed out of the euro.