Pébereau has resisted the stock market battles, crises and even big night bank. But a simple date in a calendar, and he is defeated. Thursday 1 December, the most influential banker in France or Europe, will no longer be president of BNP Paribas, the old lady he was winded in eighteen years the first French bank. At 69, the inspector of finance promotion Marcel Proust was found by time. No matter. A few days before his abdication, he remains the first line on the front of the euro. One day, debating on a television with Jose Manuel Barroso, President of the European Commission. Another received at Downing Street by David Cameron, the British prime minister. There's a fire in the house and the euro Financial has an address book to make the government gives tirelessly envious of the voice. That of BNP Paribas. That of France.
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Sunday, November 6th, 2011
(From our special correspondent in Athens)
Ten days after a summit of the European Union has offered a new and generous aid package (130 billion of soft loans and additional deletion of 50% of its bank debt), Greece has still failed to respond positively to its European partners. The ongoing political chicanery in Athens are now exasperated the northern Europeans. Former German Chancellor Gerhard Schröder has just said out loud what they think almost all of his compatriots: "Greece should never have been back in the euro area! ".
Four days after returning from Brussels summit, Greek Prime Minister George Papandreou announced unexpectedly that he would submit to a referendum history of the Europe Agreement on October 27.In his speech before the vote, Prime Minister pledged to work towards forming a national unity government, which would then be able to obtain approval from the European level by a qualified majority of the Greek Parliament.
Saturday at midday, Papandreou has therefore gone to the President of the Hellenic Republic (with powers more symbolic than real, like the presidents German or Italian), asking him to convene the party leaders in for the formation of a grand coalition. But Antonis Samaras, the leader of opposition party New Democracy (center right) then stated publicly that he demanded the resignation prior Papandreou, in his eyes too discredited claim to form such a government of national unity.
Soon a film based on the life of Steve Jobs
Monday, October 10th, 2011Sony would be willing to pay one million dollars to acquire the rights to the only authorized biography of Steve Jobs. Conducted by the former editor of Time, Walter Isaacson, it is forthcoming. According to the site deadline.com, which revealed the existence of these negotiations, a source quoted by AP, the Japanese group is preparing to bring to the screen the existence of the co-founder of Apple.
The realization of "biopics" has already earned some success to Sony, as evidenced by The Social Network, chronic early Facebook around the personality of its founder, Mark Zuckerberg, who cardboard box office and won three Oscars.
Commercial success
As for Steve Jobs, his character had so far been brought to the screen only once, as part of an American TV movie focusing on the rivalry between Apple and Microsoft in the 1980s absolutely free credit score.The character of the co-founder of Apple was then played by the actor Noah Wyle, best known for his performance in the series Medical Emergency.
The biography of Steve Jobs also promises to be alone is a huge commercial success. The date of publication of this book of 750 pages, made from forty successive interviews Steve Jobs, has been repeatedly advanced. Initially planned for spring 2012, the release of Steve Jobs-not iSteve: the Book of Jobs, considered as a time will eventually take place on October 24 in the United States, said its U.S. publisher, Simon & Schuster. In France, the book came out at JC Lattes is scheduled for Nov. 2. A first printing of 500,000 copies is already planned.
Wauquiez will help students to stay
Wednesday, August 31st, 2011Laurent Wauquiez said Tuesday the establishment of a guarantee fund to facilitate student housing. Goal? Avoid default and the requirement for students to produce a surety. The guarantee fund as surety in place of the new residence hall occupants.
Initiated by Valérie Pécresse, it has been refined over the summer by the services of Laurent Wauquiez. Main innovation: This fund was set up in collaboration with private banks to replace the young who can not provide security for accommodation in university residences. The project is also to extend this funding to candidates for private dwellings.
A quest that may turn the galley
The announcement comes just a few days or weeks of their return, many students are actively looking for a roof.To facilitate a search that may turn into a hassle, avoid pitfalls and surprises, the CNOUS (National Center for University and school), umbrella Crous, opens a portal to a comprehensive supply Housing in Ile-de-France. In this site are not only offers university residences, but also offers private landlords benefiting from new label CNOUS. For this new label, the organization set up with professionals and students, a questionnaire containing the prerequisites for inclusion in the list of homes approved by the regional Crous (heating, sanitary facilities or a network electrical standards …).The questionnaire four themes: the quality of housing, proximity to centers of education, respect of good practice in relations between the landlord and the tenant and the student price. Indeed, a report by the DGCCRF of August 2010 complained scams that students are the most frequent targets: unfair, inadequate housing, debit authorization of maintenance and repair of the deposit, ban to host friends …
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HSBC will eliminate 30,000 jobs by 2013
Tuesday, August 2nd, 2011New cold shower for employees of large international banks. After Goldman Sachs, Lloyds Banking and Intesa Sanpaolo, HSBC is about to turn to give a serious tightening in its workforce: the British giant plans to eliminate 25,000 jobs worldwide within two years, in addition to the 5000 already announced in Latin America, United States, Britain and France.
Institutions are trying to adjust to their new regulatory and economic environment heated, that undermine the profits of their activities and investment.
HSBC did not identify the countries involved in the wave of savings.But the new leader of the group since January, Stuart Gulliver, had clarified its intentions with the publication of its strategic plan in May: he wants to return to the strategy of geographical expansion at any of his predecessors, will focus its efforts to on Asia.
In 39 countries, the bank has planned to scale back or even shut down some businesses, as it did for its retail banking in Russia or Poland. In the U.S., it will sell 195 branches to First Niagara for one billion dollars. In total, approximately 10% of the HSBC will be affected by the wave of savings. "A brutal restructuring plunging thousands of employees in limbo," according to the union Unite.The purpose of the institution is to reduce by two years its fixed costs at least $ 2.5 billion.
New regulations
The markets expressed their good report: in a very depressed market environment, the title of the bank surged 2 online payday advance.19% Monday. Investors greeted the passage of publication of interim results of good quality, marked with a taxable income of $ 11.5 billion (8 billion), up 3% year on year.
The HSBC savings plan should also prepare the institution to banking regulations in the future. More demanding in terms of mobilizing capital and liquidity, the new rules have encouraged banks to lower their activity levels. The gloomy global economic outlook, fueled by the debt crisis, also pushing the leaders to be cautious.Especially for the upturn, the schools had massively hired two years ago, in trading activities, in particular.
Since the spring, the banking industry have frequent announcements of job cuts. Goldman Sachs will separate for "economic reasons" about a thousand employees in September. Barclays would have eliminated 600 jobs in its investment banking division, BarCap and 2000 in its retail operations, since the beginning of the year. His compatriot Lloyds Banking Group is preparing to offload 15,000 jobs in order to focus on the United Kingdom. Allied Irish Bank Irish plans to turn to go from 2000 employees. German Commerzbank has already eliminated 7,400 positions. Credit Suisse expects 2000 job cuts in its investment bank, Intesa Sanpaolo 3000 …
Le Parisien 30 million invested in its recovery
Saturday, July 9th, 2011Philip Carli, who arrived in October 2010 within the Amaury group, wants to make Paris Aujourd'hui en France "a reference to the national daily press and local cross-media in France."
LE FIGARO. – What is the content of the proposed stimulus package you presented yesterday to the employees of "Parisien in France today?"
Philippe CARLI. – We have decided to invest 30 million euros to develop and diversify our offer. This choice results from the observation that 80% of our revenues come from sales to the number. We must therefore meet the expectations of our readers. The objective is to increase our revenues of 100 million euros on the brand Le Parisien in France today. To retain and expand our audience, we plan to invest ten million euros, with, among others, the creation of a weekly magazine offers.Coupled with the daily on weekends, it will include in the second half of 2012, a news and lifestyle magazine picture of a hundred pages. In a second step could be added a weekly edition of our monthly enriched La Parisienne.
And for everyday?
Besides the fact that the model will be upgraded with a passage of 64 full color pages, we wish to reaffirm our commitment to strengthening our close nine departmental editions (eight departments of the Ile-de-France and the Oise), representing 49% of our sales. We plan to increase their editorial pagination of 50% and increase local resources, including rich media. Finally, to be closer to the cities and communities, we want to enter into agreements with associations, clubs and municipalities.A manager of the communities would be created for each edition.
You also mentioned before the diversification of employees …
Indeed we expect to invest 20 million euros in acquisitions of companies specializing in electronic transactions, including trade between individuals, group purchasing, or even the classifieds. We are also interested in human services.
The envelope of 30 million euros, also includes capital expenditure?
The journal's editorial changes will be accompanied by a modernization of two of our printing presses Saint-Ouen, where we have modernized our mailroom at a cost of 3 million euros. In addition, we invest in our management tools related to our subscribers, our readers and clients low interest rate personal loans.30 to 35 million French people each month are in contact with one of the hallmarks of our group (Le Parisien in France today, the team, Amaury Sport Organisation). It's time to capitalize on these contacts by imagining new offers for our subscribers. I am convinced that this is a very strong leverage income.
Where are you in the digital convergence of your editors?
If there is one place where it is well advanced, it is in our county editions, where journalists play the game But there is still room for improvement, including better integration of information flow and anticipate events . In terms of organization of the group Le Parisien, five major areas should be established, bringing together existing services around cross-cutting issues – news, entertainment and sports – and two that would be created – investigation and image.The realization of any newspaper should be linked to art direction and a cross-media desk would also be created to handle all information and redirect them to different media.
This major reorganization will she downsizing?
It should actually result in the removal of items from 40 to 50 of the 600 employees that has Le Parisien. But I said that my desire is to avoid forced departures. We want to set up a voluntary redundancy plan the details of which will be discussed with the social partners in September.
What functions are involved?
Mainly managerial functions, simplifying the hierarchical organization, and positions related to the achievement of the newspaper.The creation of new centers, in particular survey and image, is expected to provide opportunities in writing to some of those involved. Scribblers writing should not, however, be affected.
On the branch Amaury Sport Organisation (ASO), what are your plans?
We will continue its internationalization. Several opportunities are being explored. We will support the development of ASO in South America, including Brazil, where we opened a subsidiary in late 2010. But also in Spain, where we took a significant stake in the Vuelta, the Tour of Spain. We also plan to organize events around the bike in Qatar and Oman. Discussions are also underway for events in China.
The largest banks will boost their capital
Saturday, June 25th, 2011International financial authorities are preparing to endorse the creation of a "club" of the world's largest banks. Thirty institutions will thus be subject to particularly stringent constraints so that they are even better than the rest of the sector, protected in a crisis.
The most technical work in progress is expected to close today by the Basel Committee, the headquarters of the Bank for International Settlements. Saturday, it is the central bank governors and other officials of banking supervision that could endorse their conclusions.
Engaged for over a year, negotiations to define a particular treatment for qualified financial institutions of systemic, those whose health has an impact on the entire industry.Three criteria will preside mainly the selection of "systemically important banks," according to the word Basel: size, interconnection with the international financial system and the complexity of their activities.
According to indiscretions that have filtered in recent weeks on the work of the committee, regulators should develop up to five categories of systemic banks. Membership in a particular category of capital will determine the mattress, each of which will be able to prevail.
Under the general rules already written (called "Basel 3"), lambda banks will be subject to a minimum level of capital fixed at 7% of their commitments. For larger systemic banks, an additional 2.5 or 3 points would be imposed. For the category from below, it would be 2 to 2.5 points, etc..Behind these ratios abstruse, it is tens of billions of euros and dollars are at stake
Who will be affected? Financial analysts make their Paris, and generally agree to rank high on their "track record" the British HSBC, RBS and Barclays, the U.S. Citigroup, JPMorgan Chase and Bank of America and Deutsche Bank. In France, BNP Paribas is sure to be in the higher category. The case of Societe Generale and Credit Agricole are less clear, such as those of UBS or Goldman Sachs … Dozens of smaller banks in the world will finally be described as systemic without having to inflate their own funds and they will only be subject to close monitoring.
Moderate growth
For the handful of banks that held the upper hand, the financial effort – theoretically spread until 2019 – will be considerable.The aim is both to make them safer, but also to discourage everyone to grow again. Moreover, to encourage larger growth to moderate, an empty category of participant, but subject to even greater stress will be created.
Although the principle of these categories seems systemic stopped, the debate continues to rage. Critics of the rule point out that the creation of a banking elite is dangerous: the institutions that will be considered as protected members of the risk of failure by the authorities themselves. And the banks may feel free to take greater risks.
Another point of controversy concerns the advisability of the boat still banks when the economy Flageole.In the United States and Europe, bankers but sometimes some of their regulators warn against measures to curb the strength of banks could stifle their ability to finance the economy. An episode recently shown the virulence of the debate at a conference, the respected head of the U.S. bank JPMorgan, Jamie Dimon, was himself arrested on this point the Federal Reserve chairman Ben Bernanke. A rare public skirmish in the world usually so subdued in the bank.
Fillon encourages SME growth
Thursday, June 16th, 2011Create new champions and allow SMEs to grow is one of the main thrusts of government policy. A few weeks ago, Nicolas Sarkozy explained before 2,000 SME leaders that his goal was "to strengthen their competitiveness and ability to exporation. The Head of State announced that the public bank Oséo enjoyed an additional one billion to allow companies to open their capital without losing their freedom of action. On Thursday, Prime Minister François Fillon unveiled a new series of measures to "grow" at the conference organized by the World SME employers' organization CGPME chaired by Jean-Francois Roubaud.
"We are now in the recovery phase, and this turning commands us to go on the offensive to solidify the growth.We know the tryptic winner: we must help our SMEs to find financing, focus on innovation and of course help to export, "said Francois Fillon.
5 billion of public money
The Prime Minister announced that the State, which played a key role during the crisis, would continue its efforts. The France Investissement is extended to 8 years from 2012, "with a public commitment of 5 billion euros over the period. This will allow an increase of 50% of the annual public investment. " This device, created in 2006 for a period of six years, combines public (Deposit and Consignment Office, the Strategic Investment Fund) and private actors (banks, insurance). He entered the capital of SMEs to strengthen their capital base need a personal loan with bad credit. Since its inception in 2006, 2 billion euros and injected public money has leveraged over $ 7 billion of private financing."France Investissement has been a success at a time when the crisis struck the capital investment, where insurers fell significantly their funding," noted Francois Fillon.
Caisse des Depots and many insurance companies will also launch a fund of 200 million euros by the end of the year that will invest in small and medium-sized companies employing between 250 and 5000 employees.
François Fillon has reassured businesses who fear that the credit becomes expensive and scarce funding because insurers and bankers will have to apply the new prudential rules, called Solvency II and Basel III. "I want to tell you that the State will be very careful that there is no withdrawal of private investors in financing the real economy, particularly in the financing of unlisted SMEs," assured the Prime Minister.For its part, the Banque de France set up a tracking stock of credits to companies with fewer than 10 employees.
Commenting on the controversial issue of the premium for employees of companies distributing dividends up, adopted by the Assembly on Wednesday night despite strong criticism CGPME, the MEDEF and unions, Francois Fillon said the state had taken "responsibilities" for lack of agreement between unions and employers.
The CAC 40 expected a slight increase
Monday, June 13th, 2011Slight increase expected on Monday in the Paris Bourse, in the wake of the Asian stock markets, including that of Tokyo, weighed down by disappointing statistics, and uncertainties about the evolution of the global economy. On Friday, the benchmark index in Paris ended its session already clearly in the red (-1.90%) and signed a sixth consecutive week of decline, erasing its gains since the beginning of the year. At 8:15 AM, futures contracts on the CAC 40 advanced 0.17%, to 3803 points.
Clearly, the objective of the meeting will be to keep the bar of 3800 points, narrowly saved this weekend dernière.Aucun major macroeconomic indicator is expected for Monday of Pentecost, which is also expected to take place in low volumes. In this day of solidarity in which the majority of employees stay home, exchanges should in fact been limited.Especially as the business side, no publication is awaited. Again, macroeconomic considerations should therefore guide the market for the first weekly session, including uncertainties about the Greek situation.
Side currency, the euro remained under 1.44 dollars on Monday morning after he experienced back Friday when he was the most sold since the beginning of the month because of disagreements between the various parties the solution to support the Grèce.Vers 8:00 in Paris, the European single currency was worth 1.4343 dollars against 1.4348 dollars on Friday night after coming close last Monday the threshold of $ 1.47 for the first time in a month .
Same side of the volatility of oil prices in a market torn between the prospects of increased production by Saudi Arabia and the maintenance of quotas decided by OPEC.In morning trading, a barrel of light sweet crude for July delivery lost 9 cents 99.20 dollars. That of Brent North Sea crude for delivery gained 13 cents to equal 118.91 dollars.
As for values to follow
Altran
Yves de Chaisemartin lost Friday the group's management, the Board of Directors of the technology consulting company has designated Philip Hall to replace him.
Air France – KLM
The airline's traffic in the Paris airports Roissy and Orly airports may be disrupted on Monday due to a strike notice filed by a union of mechanics on the ground, have we learned from the company.
LVMH
Sephora, the cosmetics distribution subsidiary of luxury group, said to have strengthened his hand in the round of Corsica in Russia, becoming the majority shareholder in nearly three years after joining the company's capital .
EDF
NPP Bugey in Ain, had to reduce its production by 10-15% in late May and early June due to increased water temperatures of the Rhone, an effect of the heat wave spring.
Eutelsat
San Marino RTV has selected two Eutelsat satellites to broadcast its programs through Italy and Europe as of June 13
EADS
Airbus chief says EADS, parent company of Airbus, would be protected against hostile takeover bids but, to this end, it was not essential that Germany be a shareholder in the group.
Carrefour
The management of the distribution group said Sunday, a day after a protest movement, have made a major effort for employees of Carrefour Market stores in terms of purchasing power.
Almost 140,000 less unemployed in 2011
Saturday, May 21st, 2011The crisis is confirmed a little more. The system of unemployment insurance (Unedic) has revised its forecast Friday for job creation and unemployment for 2011 and 2012. And the conclusion optimism grows. On the basis of assumptions "realistic and reasonable" GDP growth (+ 1.8% in 2011 and 1.7% in 2012, where the government plans + 2% and 2.25%) and payroll (+ 3.1% this year and +3.5% next year), Unedic provides an acceleration in job creation two years: 146,000 in 2011 and 168,400 in 2012, against 119,700 estimated in 2010.
This translates, of course, by an encouraging trend on the number of job seekers. Unedic estimated that the number of registered Class A employment center (the unemployed with no activity) will drop by 138,000 this year.But this decline will be largely offset by the continued rise in the number of jobseekers who had reduced activity (categories B and C) or are exempt from search: + 98 000 people. "The job was restarted by acting through short-term contracts," said Geoffroy Roux de Bezieux, Vice-President (MEDEF) of UNEDIC. There should be a reversal in 2012 with the creation of more full-time jobs. "Confirmation Bonnand Gaby, President (CFDT) of the institution:" The number of unemployed decreased activity continue to rise this year but decline in 2012. "In fact, next year, the decline in the number of unemployed in category A (- 92,000) will be amplified by the Class B and C and provided research (- 31,000). As the number of unemployed receiving benefits, it will drop by about 80,000 per year, the next two years, after rising 51,500 in 2010.Forecasts "in line with the data of the first month of the year," Vincent assured Destival, director of UNEDIC.
No drop in fee
These data will have a significant impact on the accounts. The cumulative deficit (8.5 billion euros at end 2010) will reach 10.5 billion at December 31, 2011 while he was withholding $ 14 billion a year ago. It will drop even late 2012 – albeit slightly, from 200 million – to around $ 10.3 billion. "This is the first since the crisis began that record a positive result, welcomed Geoffroy Roux de Bezieux. But he remained a heavy debt that will not even consider a reduction in contributions. "
Unedic also fired "key findings" of the 2008 crisis. The decline in employment of 500,000 jobs in two years, was lower than expected."She has twice been less pronounced than the value when the two had fallen back in the same proportions in 1992 and 1993," says the plan. "Companies have behaved more virtuous and long-term approach, and tried to keep their employees as long as possible through mechanisms of partial unemployment," said Geoffroy Roux de Bezieux justified.
Another observation: the resumption of job creation occurred earlier than expected, since early 2010. "This confirms the assumption that labor productivity per capita weakened by the crisis," Gaby Bonnand found. As a result, having decreased by 1% since early 2008 when she posted eight quarters after the recessions of 1992 and 2001, an increase of 1%.This was then translated violently in unemployment figures.
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