Monday, January 23, 2012

French Banks Rip Higher On Talk Of Weaker Capital Rules

Gus Lubin

French banks are soaring this morning, with Societe Generale up 7.36%, Credit Agricole up 4.98% and Axa up 3.06%.
The reason appears to be an FT report that France and Germany will seek weaker capital rules (via @fabricepelosi):

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