Five French banks are planning to develop a fund to buy securities backed by assets, the Financial Times reported, citing its French partner newspaper Les Echos.
The goal of the project, organized by BNP Paribas SA, Societe Generale SA, Credit Agricole SA, Natixis SA and HSBC France, is to ensure liquidity for asset-management funds, the FT said.
articles-in-stockmarket.com
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