Thursday, 11 August 2011

Concern over French banks sends global markets lower

http://www.france24.com/en/20110810-french-banks-drive-european-market-plunge-societe-generale-wall-street-usa
French banks led European markets lower on Wednesday, with Societe Generale ending down 14.7 percent. The losses were echoed on Wall Street, where the S&P 500 fell 4 percent and the Dow Jones industrial average 4.6 percent by close.
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