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Radio France Internationale
Radio France Internationale
World
Michael Fitzpatrick

French, German banks take a pasting on solvency fears at US lender

A trader at the Frankfurt stock exchange. REUTERS/Ralph Orlowski

The value of shares in France's major banks sank on Friday after trouble at a regional US lender sparked a Wall Street rout on the sector in the United States. Deutsche Bank shares were down nearly 10 percent at the opening in Frankfurt.

Société Générale shares dropped 5.5 percent on the Paris stock exchange on Friday morning, while BNP Paribas lost 4.4 percent and Crédit Agricole tumbled 3.6 percent.

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