Pierre Flabbee

Axa’s French Business to Double Investments in Real-Estate Debt

The French unit of Axa SA, Europe’s second-biggest insurer, plans to double its investments in real- estate debt as the region’s banks cut their holdings.

Greek Debt Swap Seen Winning Support From Europe’s Banks

Europe’s largest lenders and insurers are likely to accede to the Greek debt swap because they’ve already written down their sovereign holdings and want to avert the risk of a default, analysts said.

BNP Paribas Third-Quarter Net Slides 72% on Greek Writedown

BNP Paribas SA, France’s largest bank, said third-quarter profit fell 72 percent because of a 2.26 billion-euro ($3.1 billion) writedown on Greek sovereign debt and losses from selling European government bonds.

Kerviel Says He Feels `Crushed' by $6.8 Billion SocGen Verdict

Jerome Kerviel said he feels “crushed by the weight of the punishment,” in his first interview after being sentenced to three years in jail and ordered to repay Societe Generale SA for its 4.9 billion-euro ($6.8 billion) trading loss.

BNP, SocGen Speed Up Trading-Book Cuts to Skirt Capital Aid

BNP Paribas SA and Societe Generale SA, France’s largest banks, are accelerating cuts in their 1.1 trillion-euro ($1.5 trillion) trading books to avoid going to shareholders or the government for capital.

SocGen Narrows Earnings Gap With BNP Paribas as Russia Revives

Societe Generale SA , the French bank that had a record trading loss in 2008, is regaining favor with investors as a return to profit in Russia and fewer writedowns help narrow the earnings gap with BNP Paribas SA .

Italy’s Political Woes Spell ‘Nightmare’ for BNP, Agricole

BNP Paribas SA and Credit Agricole SA, France’s largest banks by assets, are finding that their pursuit of growth in neighboring Italy in the past decade has a downside: political risk.

Bonnafe Goes Via Rome and Brussels to Land BNP Paribas’s Top Job

Jean-Laurent Bonnafe ’s route to the top job at BNP Paribas SA led through Rome and Brussels, where he spent much of the last five years overseeing takeovers that turned the Paris-based lender into Europe’s largest bank.

Credit Agricole, SocGen Lead Bank Surge as Basel Committee Softens Rules

Credit Agricole SA and Societe Generale SA led French banks higher in Paris trading on speculation softer rules on capital and liquidity from the Basel Committee on Banking Supervision will help earnings.

Oudea Says SocGen Can Resist U.S. Money-Market Freeze

Societe Generale SA, France’s third-largest bank by assets, said it could resist a freeze in dollar financing from U.S. money-market funds, which cut their lending to European banks amid the euro debt crisis.

"It's a groundswell."

- Pierre Flabbee on Mar 21, 2012

France

Societe Generale

Europe

Italy

Asian Stocks Rise Second Day as RBA Cuts Interest Rates

Pentagon Accuses China of Cyberspying on U.S. Government

Yen Gains as Traders Bet Recent Selling Overdone; Aussie Tumbles

London Recruiter Says City Job Vacancies Rose 19%

RBA Cuts Key Rate to Record-Low 2.75% to Combat Aussie: E