French banks downgraded by Moody’s

MOSCOW – Europe's crisis over Greek debt led Moody's Investors Service to downgrade two major French banks Wednesday, and place a third under review.

The French banks likely have enough capital to deal with potential losses on their Greek holdings, Moody's said in a series of reports, but have become increasingly vulnerable to a loss of confidence by the market.

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Joe Stephens 14 Sep, 2011


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