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Livret A
The Livret A is a financial product offered by French banks. Established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars, part of the funds are now transferred to and re-invested by the Caisse des dépôts et consignations, owned by the French state, to build HLM, or social housing, and pay back the Eurozone debt. The remaining funds are used by banks to give loans to French small and medium-sized enterprises. The product acts as a savings account for French citizens and residents, and the annual returns are not taxed. In May 2022, it was owned by 55 million individuals, for a total amount of 358,8 billion euros. Early history The Livret A was established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars.Mathias ThépotOù va vraiment l'argent du Livret A ? ''La Tribune'', February 22, 2012Marc VignaudCOMPRENDRE - Comment le livret A finance le logement social ''Le Point'', October 1, 2008 The funds are he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Livret A
The Livret A is a financial product offered by French banks. Established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars, part of the funds are now transferred to and re-invested by the Caisse des dépôts et consignations, owned by the French state, to build HLM, or social housing, and pay back the Eurozone debt. The remaining funds are used by banks to give loans to French small and medium-sized enterprises. The product acts as a savings account for French citizens and residents, and the annual returns are not taxed. In May 2022, it was owned by 55 million individuals, for a total amount of 358,8 billion euros. Early history The Livret A was established in 1818 by King Louis XVIII to pay back the debts incurred during the Napoleonic Wars.Mathias ThépotOù va vraiment l'argent du Livret A ? ''La Tribune'', February 22, 2012Marc VignaudCOMPRENDRE - Comment le livret A finance le logement social ''Le Point'', October 1, 2008 The funds are he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Industr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In France
The banking industry in France has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt. France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts. During 2018 the banking sector of the French economy employed 362,800 people. Largest banks The largest banks by total assets in Euro (as of Year end 2020) in France are the following: 1. BNP Paribas: $2,488.5 Bn 2. Crédit Agricole: $1,961.1 Bn 3. Société Générale: $1,462.0 Bn 4. BPCE: $863.3 Bn 5. Crédit Mutuel - CIC: $624.0 Bn History of banking At about the time of the commencement of the year 1800, and of the first period of revolutionary change in banking within the continent of Europe, the high banking houses of France included the Hottinguer, Mallet (fr), Neuflize (fr), Rothschilds and Vernes (fr).Hubert Boni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rate Of Return
In finance, return is a profit on an investment. It comprises any change in value of the investment, and/or cash flows (or securities, or other investments) which the investor receives from that investment, such as interest payments, coupons, cash dividends, stock dividends or the payoff from a derivative or structured product. It may be measured either in absolute terms (e.g., dollars) or as a percentage of the amount invested. The latter is also called the holding period return. A loss instead of a profit is described as a '' negative return'', assuming the amount invested is greater than zero. To compare returns over time periods of different lengths on an equal basis, it is useful to convert each return into a return over a period of time of a standard length. The result of the conversion is called the rate of return. Typically, the period of time is a year, in which case the rate of return is also called the annualized return, and the conversion process, described below, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Challenges (magazine)
''Challenges'' is a French-language weekly business magazine headquartered in Paris, France. Its motto is ''Que dit l'économie cette semaine?'' ("What does the economy say this week?" in English). History and profile ''Challenges'' was established in 1982. The magazine offers articles on economy and business-related events and on politics and world affairs. It is published weekly on Thursdays. Previously it was published monthly and then biweekly. Le Nouvel Observateur Group is the owner and publisher of ''Challenges''. The company also owns ''Le Nouvel Observateur (), previously known as (1964–2014), is a weekly French news magazine. Based in the 2nd arrondissement of Paris, it is the most prominent French general information magazine in terms of audience and circulation. Its current editor is Cécil ...''. Former publisher of ''Challenges'' was Croque Futur. The magazine is published by Regie OBS. ''Challenges'' was named as the Business Magazine of the Year in Fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Hollande
François Gérard Georges Nicolas Hollande (; born 12 August 1954) is a French politician who served as President of France from 2012 to 2017. He previously was First Secretary of the Socialist Party (France), First Secretary of the Socialist Party (France), Socialist Party (PS) from 1997 to 2008, Mayor (France), Mayor of Tulle from 2001 to 2008, and President of the Departmental Council of Corrèze, General Council of Corrèze from 2008 to 2012. Hollande also served in the National Assembly (France), National Assembly twice for the Corrèze's 1st constituency, 1st constituency of Corrèze from 1988 to 1993, and again from 1997 until 2012. Born in Rouen and raised in Neuilly-sur-Seine, Hollande began his political career as a special advisor to newly elected President François Mitterrand, before serving as a staffer for Max Gallo, the government's spokesman. He became a member of the National Assembly (France), National Assembly in 1988 and was elected First Secretary of the PS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 French Presidential Election
Presidential elections were held in France on 22 April 2012 (or 21 April in some overseas departments and territories), with a second round run-off held on 6 May (or 5 May for those same territories) to elect the President of France (who is also ''ex officio'' one of the two joint heads of state of Andorra, a sovereign state). The incumbent Nicolas Sarkozy was running for a second five-year term for which he was eligible for under the Constitution of France. The first round ended with the selection of François Hollande and Nicolas Sarkozy as second round participants, as neither of them received a majority of votes cast in the first round. Hollande won the runoff with 51.64% of the vote to Sarkozy's 48.36%. The presidential elections were followed by legislative elections in June. Electoral system In overseas departments and territories of France located west of metropolitan France (Saint Pierre and Miquelon, Saint Martin, Saint Barthélemy, Guadeloupe, Martinique, F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond Credit Rating
In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. It is not the same as an individual's credit score. The ratings are published by credit rating agencies and used by investment professionals to assess the likelihood the debt will be repaid. Credit rating agencies Credit rating is a highly concentrated industry with the "Big Three" credit rating agencies – Fitch Ratings, Moody's and Standard & Poor's (S&P) – controlling approximately 95% of the ratings business. Credit rating agencies registered as such with the SEC are "nationally recognized statistical rating organizations". The following firms are currently registered as NRSROs: A.M. Best Company, Inc.; DBRS Ltd.; Egan-Jones Rating Company; Fitch, Inc.; HR Ratings; Japan Credit Rating AgencyKroll Bond Rating Agency Moody's Investors Service, Inc.; Rating and Investment Information, Inc.; Morningstar Credit Ratings, LLC; and Standard & Poor's Ratings Services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Departments Of France
In the administrative divisions of France, the department (french: département, ) is one of the three levels of government under the national level (" territorial collectivities"), between the administrative regions and the communes. Ninety-six departments are in metropolitan France, and five are overseas departments, which are also classified as overseas regions. Departments are further subdivided into 332 arrondissements, and these are divided into cantons. The last two levels of government have no autonomy; they are the basis of local organisation of police, fire departments and, sometimes, administration of elections. Each department is administered by an elected body called a departmental council ( ing. lur.. From 1800 to April 2015, these were called general councils ( ing. lur.. Each council has a president. Their main areas of responsibility include the management of a number of social and welfare allowances, of junior high school () buildings and technica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second largest bank, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. In August 2021, it reached the top of the CAC 40. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered a systemically important bank by the F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupe Caisse D'Épargne
Groupe Caisse d'épargne was a French cooperative banking group, with around, 4700 branches in the country. Its origins go back to the founding in 1818 of the , France's first savings bank. The group was active in retail and private banking, as well as holding a significant stake in the publicly traded investment bank Natixis. In 2009, it merged with Groupe Banque Populaire to form Groupe BPCE. History The first French savings bank (french: Caisse d'Épargne) was created in Paris in 1818 by a group of financiers, social reformers and philanthropists that included Benjamin Delessert, Jean-Conrad Hottinguer, Joseph Marie de Gérando, Jacques Laffitte, the Duke of La Rochefoucauld-Liancourt, James Mayer de Rothschild, and Vital Roux. The Caisses d'Épargne were not banks, since they were not allowed to lend. The deposits they collected were invested in government bonds, from 1895 via centralized management by the Caisse des Dépôts et Consignations, a financial arm of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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