Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

France's Le Pen slams banks over account closures

Published 11/22/2017, 05:50 AM
Updated 11/22/2017, 05:50 AM
© Reuters. The shadows of journalists are seen as Marine Le Pen, head of France's far-right National Front (FN) speaks to the media following a meeting with French President Emmanuel Macron at the Elysee Palace in Paris

PARIS (Reuters) - French far-right leader Marine Le Pen, smarting from defeat in a presidential election where she denounced banks for refusing her campaign loans, accused her bankers on Tuesday of "persecution" after they moved to close down her and her party's accounts.

The 49-year-old, who is also struggling with feuding in her party after May's election loss to Emmanuel Macron, accused the head of HSBC France's retail banking business of shutting an account she had held for 25 years.

HSBC did not immediately respond to calls from Reuters for comment. Societe Generale (PA:SOGN) bank said on Tuesday it had not broken any rules when news reports first emerged that it was moving to shut National Front party accounts.

Le Pen said in a Twitter message the banks were not only moving to close her party's accounts but also a private account she held.

"This persecution by the banks is getting personal," she said.

Le Pen said she would play a phone conversation with a banker at a news conference at 1030 GMT.

The National Front spent 12.5 million euros ($14.70 million)on the presidential election alone, where some blame Marine Le Pen's defeat by Emmanuel Macron on opposition to the euro and her pledge to restore the French franc.

Party supporters have since been asked in an online campaign to directly lend it money.

FN treasurer Wallerand de Saint Just told Reuters Societe Generale had closed the accounts the party held there on Nov.10.

In France, banks are allowed to unilaterally decide to close accounts, with advance notice, and don't have to say why. But holding an account is a right and one can ask the Bank of France to designate a bank that would be forced to open one.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.