Bank of China has halted foreign exchange swaps with several European banks, including SocGen...

|By:, SA News Editor

Bank of China has halted foreign exchange swaps with several European banks, including SocGen (SCGLY.PK), Credit Agricole (CRARY.PK), BNP Paribas (BNPQY.PK), and UBS. Reuters reports the move is due to fear about the banks' creditworthiness, but DJ says the halt is because credit line limits were hit.