French bank fund set to reach 10 bln euros - Moscovici
PARIS Dec 19 (Reuters) - A fund to rescue ailing banks in France and guarantee their deposits will rise to 10 billion euros ($13.2 billion) from an initial 2 billion, French Finance Minister Pierre Moscovici said on Wednesday.
Banks' shareholders and some bondholders may also be called upon to pay for the cost of a bank failure, said Moscovici, at a news event to present a new French bank-reform bill.
"The fund will be 2 billion euros, later to rise to 10 billion," he said.
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Twitter backtracks on block feature after users revolt
- Iran angry over U.S. sanctions, nuclear talks interrupted