Last quote by Francois Chaulet
Francois Chaulet quotes
This was a really catastrophic session, following on from what happened overnight on the Asian exchanges, some of which had to be suspended. We saw losses of eight or nine percent, even 10 percent for some companies. It sends a shiver down your spine.
One week ago banks and insurers released excellent results for the first quarter of 2007 on the financial results of their activities, with progressions and even surprises that surpassed the expectations of analysts. But if they have not been damaged either in their results or in their own funds, there are certainly indications that some of their clients have been damaged.