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The French government yesterday said it has agreed to rescue Credit Immobilier de France...
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Sunday, September 2, 2012, 4:18 AM ETThe French government yesterday said it has agreed to rescue Credit Immobilier de France (CIF), a mortgage lender that was put up for sale in May after it lost access to funding from credit markets. As long as the EU approves, the state will provide a guarantee to CIF, which faces the expiration of €1.75B covered bond in early October.
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