"It would not be tolerable that banks allow fraud, tax evasion or money-laundering," he said in statement. Le Monde newspaper widened the list of French banks under the tax haven spotlight in an article on Wednesday to include BNP Paribas (>> BNP PARIBAS), Credit Agricole (>> CREDIT AGRICOLE) and Credit Mutuel. The statement mentioned that Sapin was to meet two unspecified banks. (Reporting by Leigh Thomas; Editing by Maya Nikolaeva)
The chairmen of French banks, including BNP Paribas and Credit Agricole, are to meet with the Finance Minister Michel Sapin to explain allegations in the media that the banks set up offshore companies for clients in relation to the Panama papers scandal.