French finance minister summons bank chiefs over Panama paper report

PARIS (Reuters) - French Finance Minister Michel Sapin will meet with the chairmen of French banks after demanding explanations about a press report alleging they set up offshore companies for clients, he said on Wednesday. "It would not be tolerable that banks allow fraud, tax evasion or money-laundering," he said in statement. Le Monde newspaper widened the list of French banks under the tax haven spotlight in an article on Wednesday to include BNP Paribas , Credit Agricole and Credit Mutuel. The statement mentioned that Sapin was to meet two unspecified banks. (Reporting by Leigh Thomas; Editing by Maya Nikolaeva)