The strong performance of the so-called "fragile five" currencies has marked a return to favor for the so-called carry trade.» Read More
"The second quarter figures we are expecting from Credit Agricole should not bring any kind of surprise, because it has already made a profit warning in late July. The funding issue is not peculiar to Credit Agricole, but there is a real issue in general with funding for French banks," Christophe Nijdam, banking analyst at Alphavalue, told CNBC's Investing Edge.
CNBC's Simon Hobbs has the latest detail on funding difficulties at French banks and ECB financing.
The big French banks were nursing their wounds Thursday after a huge sell-off Wednesday afternoon.
Societe Generale's share price suffered a fall of around 8 percent Thursday morning after Wednesday's falls.
The current market jitters are part of a long term bear market cycle which could last until 2020, an economist told CNBC Thursday.
Societe Generale's CEO dismissed rumors that France's second-largest bank was in trouble and blamed the recent downgrade of the US credit rating for fueling speculation that France might lose its Triple-A status as well.
Frederic Oudea, Societe Generale chairman/CEO defends the creditworthiness of France's second-largest bank.
Could events in Greece unravel so quickly and badly that we end up with another Lehman situation.
Michel Pébereau, France’s most influential banker, is retiring as chairman of BNP Paribas, the domestic bank he helped transform over two decades into one of the world’s biggest and most profitable.
The boss of the French banking giant has told CNBC that the European banking sector could absorb a restructuring of Greek debt, whatever form it took.
Natural gas may be having its day, as its rival energy sources come under a cloud. The serious problems at the nuclear power plant in Japan have raised new doubts about the safety of nuclear energy the New York Times reports.
While Mideast turmoil and the subsequent rise is a convenient excuse for the one-week equity selloff, the real catalyst may be something else, entirely.
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
The commodity decline that began a month ago and accelerated yesterday is continuing this morning. Traders are worried about the muted reaction from the stock market and are hopeful we will get a better reaction today.