Mon, Jul 6th, 2009
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("SocGen CEO: No Chance For 3rd Tranche Of French State Bank Aid" published at 0821 GMT misstated the company's code in the second paragraph. The correct version follows:)
PARIS (Dow Jones)--The French state won't grant a third tranche of state aid to the domestic banking system to spur economic growth, the chief executive of one of the country's largest banks said Monday.
Frederic Oudea, CEO of Societe Generale SA (GLE.FR), also told an extraordinary shareholders meeting here that the French banking system is stronger than others in Europe.
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