French banks and insurers stand to lose about €3B from the write-down of their Greek...


French banks and insurers stand to lose about €3B from the write-down of their Greek holdings as part of the latest rescue plan, says the head of the French Banking Federation. Credit Agricole (CRARY.PK) says its loss will be €150M. BNP Paribas (BNPQY.PK), Societe Generale (SCGLY.PK), and AXA (AXAHY.PK) have yet to report.
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