2012-09-05reuters.com

France's government plans to intervene to rescue Credit Immobilier de France after the struggling mortgage lender was hit by a liquidity crisis following a recent downgrade by credit rating agency Moody's, Le Figaro newspaper reported on Saturday.

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The lender, which has about 300 branches throughout France, did not immediately return a phone call seeking comment. The government was not immediately available for comment.


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