European Stocks Drop for First Week in Three Amid Debt Concern
This article is for subscribers only.
European stocks fell for the first week in three amid concern policy makers won’t be able to stop the region’s sovereign debt crisis from growing and damaging the economic recovery.
Societe Generale SA and Banco Comercial Portugues SA led a measure of European bank shares to the lowest since March 2009. Royal Bank of Scotland Group Plc and Barclays Plc each sank 13 percent as 17 lenders were sued by the U.S. over the sale of mortgage-backed securities and interbank lending rates climbed.