Reported about 5 hours ago
French banking stocks have fallen as investors express concern over the potential collapse of the government and an escalating political crisis. Major banks like BNP Paribas, Societe Generale, and Credit Agricole saw significant declines due to uncertainties surrounding Prime Minister Michel Barnier's leadership and the upcoming no-confidence vote. The political turmoil has raised fears regarding France's financial credibility, leading to increased spreads between French and German bonds, the highest in over a decade.
Source: YAHOO