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The French bond rout is spreading to banks, despite their recent core capital improvements and strength accumulated in the past years. In the euro area, 70% to 80% of external corporate financing for firms comes through bank loans. Only a small minority of companies issue corporate bonds or raise capital through public equity markets. In the United States, less than 20% to 25% of corporate debt relies on traditional bank credit. The remaining 75%-80% is secured directly through capital markets. www.bloomberg.com/news/articles/2026-10-20...