UPDATE: French Fin Min Has Daily Conference Call With Bankers
Monday October 6th, 2008 / 17h09
(Adds ministry spokesman confirmation) PARIS -(Dow Jones)- Finance Minister Christine Lagarde has begun holding a daily conference call with the heads of French banking and insurance companies, a ministry spokesman said Monday. "That's true, she has a daily conference call with heads of banks, insurance companies. They discuss the situation on the market, within the sector, the issues," the spokesman added. Earlier, people familiar with the matter told Dow Jones Newswires that "this has been going on for several days now." The conference calls take place at different times, the people also said. During the conference calls, Lagarde discusses each bank's and insurer's situation but also the issues they could encounter on the money and foreign exchange markets, the sources said. French president Nicolas Sarkozy met Monday evening the heads of French banks and insurance companies, following a similar meeting last Tuesday. -By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@dowjones.com; Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=p6N7fvxBgNVlFcXE2xeYCg%3D%3D. You can use this link on the day this article is published and the following day.
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