France

Did UBS help clients evade taxes for years and years? Yes, it’s a Swiss bank and that’s what Swiss banks do (did?). Is that any reason for France to go all extortionist on its ass? UBS says no. As an aside, a spokesperson from UBS has suggestion that certain French attorneys ought to go back to law school. Read more »

  • 24 Jul 2014 at 11:49 AM
  • Banks

France Stakes Claim Its Share Of UBS’s Legal Reserve

Last seen whining (albeit not entirely without justification) about how unfairly the U.S. was treating its banks, France has decided it might not mind piling on a foreign bank itself. Read more »

Complete with the fake static. Read more »

After more than a year of chewing on the evidence and letting the charges marinate in their minds, the people who make such decisions at France’s Autorité des Marchés Financiers have decided, oui, Elliott Associates did something wrong when buying and then selling shares of a French highway. But not that wrong, judging by the penalty imposed. Read more »

  • 05 Dec 2013 at 3:33 PM

China Identifies Real Threat To Global Stability

Pay no attention to unilaterally-instituted no-fly-without-permission zones or alleged violations of human rights. In fact, just ignore Joe Biden entirely, please. Read more »

  • 12 Nov 2013 at 3:48 PM

Larry Fink Puts Euro In His Ten-Year Death Pool

The euro could be in danger of disappearing within the next decade if France does not continue pushing economic reforms, BlackRock Capital boss Larry Fink said Tuesday. Fink expressed his concern about the health of one of Europe’s largest economies at The New York Times’s DealBook Conference, mentioning France’s recent downgrade by Standard & Poor’s. “I don’t think in 10 years time we can have a euro if we don’t have a strong France and a strong Germany,” he said in an interview shown on CNBC. “It’s all predicated on two very strong countries and the competitiveness of France is still deteriorating.” [CNBC]

  • 29 Jul 2013 at 2:43 PM

Sovereign Defaulters Can Always Count On France

American and the IMF have abandoned Argentina in her holy war to avoid paying her bills. But the French remain steadfast, and will undoubtedly tip John Roberts’ scales in favor of the Argentine government. Read more »

Oh, the wily and unscrupulous French: They spend years arguing with the ferocity of a cockfighter for tough, nay, draconian financial regulations. And then they elect a Socialist who promises to be even less interested in the concerns of the monied classes. And then, when Europe’s two biggest economies—the ones housing the financial centers the French hope to destroy—announce that they’ll impose the aforementioned tough, if not draconian, regulations, the French say, joke’s on les Huns et les rosbifs. Read more »