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That concern was evident this week in a massive selloff in shares of French Bank Societe Generale.
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French bank Societe Generale announced that its recent trading scandal aggravated problems stemming from the credit crisis, leading to a fourth-quarter loss.
FORBES: Indicators Could Set Stage For Cuts
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Barclays has fallen about 1% over the past week, UBS and HSBC have each dropped more than 1.5% while Deutsche Bank has slid more than 3% and two French banks, BNP Paribas and Societe Generale, have gotten crushed, declining by more than 5% and 6% respectively.
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French banks Credit Agricole and Societe Generale both closed up 8%, while in Germany, Deutsche Bank rose 7% and Commerzbank, 5%.
BBC: ECB's Mario Draghi unveils bond-buying euro debt plan
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French banks like Societe Generale, BNP Paribas, and Credit Agricole surged on the global central bank liquidity bailout presented last week.
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