Nicolas Lecaussin Matter With French Bank

Nicolas Lecaussin Matter With French Bank: We can no longer borrow dollars. The U.S. money market funds are not ready to get more, “a bank manager at BNP Paribas, the declines are not named, told me last week.” We do not have access to U.S. dollars Furthermore, we create a market in euros.
It is not the only concern. Societe Generale has lost 22.5% of its value since the beginning of the summer. BNP issued a statement in early September in English, which is very unusual, said he has ample dollar liquidity, and that BNP has nothing to fear, unlike other banks.