French trio seeks cheap funding in sterling

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French trio seeks cheap funding in sterling

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BJYFNM Three one penny pieces in diagonal line against a white background with the 2nd and 3rd coins out of focus. Image shot 01/2010. Exact date unknown. | Alamy Stock Photo

Crédit Agricole, Banque Fédérative du Cedit Mutuel and Société Générale all took advantage this week of cheap funding offered by the sterling market when compared with the euro.

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