- Top French lenders are suing the ECB to get an exemption from holding capital against certain deposits parked with state-owned fund CDC.
- Lawsuits have been brought forward over the past month by BNP Paribas (OTCQX:BNPQF), Societe Generale (OTCPK:SCGLY), Credit Agricole (OTCPK:CRARY) and three other banks.
- It's the first major case by top eurozone lenders, pointing to tensions between the banks and the monetary authority.
French banks sue ECB over capital demands
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