SocGen Paces French Bank Share Slide as Government Sells Debt
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Societe Generale SA paced a decline by French bank shares as the government offered investors higher yields to complete its first sovereign-debt sale of the year.
Societe Generale, France’s second-largest bank, slid 4.4 percent to 16.25 euros at 12:56 p.m. local time, giving it a market value of 12.6 billion euros ($16.2 billion). BNP Paribas SA, the nation’s biggest bank, fell 3.4 percent, to 29.60 euros.