Bloomberg News

SocGen’s CEO Oudea Says French Banks Won’t Seek State Aid

October 26, 2011

Oct. 26 (Bloomberg) -- Societe Generale SA Chief Executive Officer said French banks won’t seek state aid and that they can boost capital reserves through retained earnings.

Oudea, who is head of the French Banking Federation, made the comments in an interview on Europe1 radio today.

To contact the editor responsible for this story: Stephen Taylor at staylor8@bloomberg.net


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