Financial and Banking News
Sour Grapes over BPP Sale
A mounting chorus of protests from some of the unsuccessful bidders for theParis-based Banque de Participations et de Placements (BPP) has found an outletin the London daily Al Hayat recently. A French commercial court earlier thismonth approved the sale of BPP to a group led by the Nantes-based financierFrancis Lagarde (MEES, 18 September). Two financial institutions controlled byM. Lagarde,...