An example of U.S. companies growing nervous about risk exposure to European banks: Norfolk...

|About: Norfolk Southern Corporation (NSC)|By:, SA News Editor

An example of U.S. companies growing nervous about risk exposure to European banks: Norfolk Southern (NSC) reportedly will not use any European banks to refinance a $1B five-year revolving credit line. NSC’s current five-year line included commitments from Deutsche Bank, UBS and Societe Generale, but none of those banks will participate in the new facility.