French banks clear for capital drive after positive election result

BNP Paribas 230x150
By Tyler Davies
24 Apr 2017

Following several months of apprehension in the run-up to Sunday's first round vote in the French presidential election, French banks can now look forward to better issuance conditions and lower funding costs as they build towards their regulatory capital requirements.

Independent centrist candidate Emmanuel Macron took 23.8% of the vote. He will face off against far-right candidate Marine Le Pen in the second round of voting on May 7.

Though Le Pen attracted 21.5% of the popular vote, observers widely expect Macron will pick up far more ...

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