
Zero Rate Ravages: HSBC France's Value Goes From 11 Billion Euros to Zero
Here is a further illustration of the damage that zero rates cause to retail banking, in France and around the world. In 2000, when the Sino-British banking mastodon HSBC wanted to buy Crédit Commercial de France (CCF), it was in competition with the Dutch ING and had to put 11 billion euros on t...
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