French Disconnection

[Joelle]

French Disconnection
      

BNP Paribas has walked away from a possible bid for smaller rival Societe Generale, which has been seen as a takeover target after suffering a rogue-trading scandal. A source close to the matter said BNP Paribas came to its decision because of SocGen’s opposition to any tie-up and as BNP would not make a hostile [...]
         

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