C'est La Vie, London: Paris Is Proving Hard to Resist for Big Banks
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 13 April 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
Most of the recent headlines out of Paris focus on strikes and protests. But underneath the heaps of rubbish that were piled up on the city’s streets (and possibly again soon), is an increasingly important hub for global finance. In recent months, we’ve seen big banks like Goldman Sachs, Bank of America, Deutsche Bank and Citigroup expand their presence in the French capital, ushering in a new reality for the landscape of European banking.
Francine Lacqua and David Merritt discuss Paris’s growing appeal with reporter Alexandre Rajbhandari and editor Tom Metcalf, and unpack the challenges facing President Emmanuel Macron’s pro-business agenda with Paris Bureau Chief Alan Katz.
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| 1:04.6 | I'm Francine Lacqua. And I'm David Merritt. |
| 1:11.2 | And this is In the City, Bloomberg's podcast connecting you to the conversations at the heart of the city of London. |
| 1:16.5 | This week we crossed the channel to consider the fate of Paris as a financial census. |
| 1:20.8 | I think we've talked about in this podcast frequently, the rise of the Parisian stock market |
| 1:26.5 | and the flow of jobs from banking into Paris. |
| 1:30.0 | Well, we wanted to talk about European banking, but given the violent protest at Macron's |
| 1:34.6 | pension reforms and the current situation on the ground, we hear from our very busy bureau chief, |
| 1:40.4 | Alan Katz, on how much of this pro-business agenda can the President really see through. |
| 1:46.3 | Some of the scenes from the streets with burning trash, violent protest tear gas. |
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