Stat of the day: 75%

The percentage of cheques in the EU written by the French.

by MT Staff
Last Updated: 09 Oct 2013
When it comes to payment, it's clear the French are a nation of cheque-writers - which makes it all the more surprising that French banks have just been hit by a €384.9m (£321m) fine for colluding to set an 'unjustified fee' for handling the paper payments back in 2002. French banks including BNP-Paribas, Société Générale and even La Banque de France - the French equivalent of the Bank of England - were slapped with fines. The 43 cent charge, which the banks said were to fund a move to digital processing, affected 80% of all cheques, but was abandoned in 2007 after criticism from the regulator. But while French consumers have got their revenge, it doesn't look as though they'll get their money back, according to a consumer group. Quelle domage.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

The art of leadership: From Marcus Aurelius to Martin Luther King

Transformational, visionary, servant… enough is enough.

Lockdown stress: 12 leaders share practical coping tips

In hard times, it's far too easy for the boss to forget to look after...

Don’t just complain about uncertainty, find the tools to navigate it

Traditional in-person research methods won’t work right now, but that’s no excuse for a wait-and-see...

How well have CEOs performed during the coronavirus pandemic?

A new survey offers a glimpse into what their staff think.

Why women leaders are excelling during the coronavirus pandemic

There is a link between female leaders and successful responses to COVID-19.

Why your employees don’t speak up

Research: Half of workers don’t feel comfortable to express concerns - and it’s usually because...