Société Générale, one of the largest banks in France, recently announced its strategy plans for the coming years.
![The logo of Societe Generale is seen on the headquarters at the financial and business district of La Defense near Paris, France. PHOTO: REUTERS/BENOIT TESSIER](https://krugmaninsights.com/wp-content/uploads/2023/09/VWJ3RJZAERLLTOEUEZQBXQE6HE-1-1024x682.webp)
As the impact of interest rate increases fizzles out, major lenders in Europe are under scrutiny.
Higher rates are now intensifying pressure on borrowers, threatening to prick a property price bubble, and further slowing down the broader economy.