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

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.
Comments (1)
  • SocGen was rated a buy? A BUY? You can't make this shit up. There is no more bankrupt financial institution on earth. Exactly who rated them a buy? Oh wiat. UBS. Nevermind. It makes sense now.
    30 Sep 2011, 06:55 AM Reply Like
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