French banks are worst off on fears of an imminent Moody's downgrade. In Europe, SocGen...

|By:, SA News Editor

French banks are worst off on fears of an imminent Moody's downgrade. In Europe, SocGen (SCGLY.PK) is -9.6%, BNP Paribas (BNPQF.PK) is -11%, and Credit Agricole (CRARF.PK) is -9.7% - leading a 4% drop in Paris's CAC. The pressure on SocGen - which has dropped 50% since Aug. 1 - comes despite today's attempts to calm investor worries.