Losses for banks in Europe widened after the unexpected rise in CPI in Europe, Deutsche (DB)...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Losses for banks in Europe widened after the unexpected rise in CPI in Europe, Deutsche (DB) fell 6% in Frankfurt and Societe Generale (SCGGLY.PK) dropped 7% in Paris. Shares of SocGen took an extra punch to the gut after UBS downgraded the French bank to Neutral from Buy on a "stressed" valuation.