Economics
Profit Hedges Get Expensive at SocGen, Credit Agricole: Options
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Options bears are circling French banks.
Turmoil in Russia and Greece, regulatory scrutiny and the collapse of oil is weighing on the minds of traders already smarting from an earnings report that sent BNP Paribas SA plunging last week. A weak economic outlook in France is adding to concerns, says SVM Asset Management Ltd.’s Hugh Cuthbert.