French financial flair straddles the Atlantic
Given the parlous state of US equity markets, one might expect the tide of European cash to ebb, sloshing back across the Atlantic. But that's not how CDC Ixis sees it. The newly formed French banking and investment group has almost half its $330 bn in assets invested in North America and has every intention of expanding there. The new group is, for the time being, a wholly-owned offshoot of the French government-owned CDC, the Caisse des Depots et Consignations. For almost 200 years, CDC
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