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Article: Falling bank shares put chill in markets EUROPE MARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- November 2, 2007
- Author:
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Sarah Thompson Bloomberg News
International Herald Tribune
11-02-2007
Falling bank shares put chill in markets EUROPE MARKETPLACE by Bloomberg
Byline: Sarah Thompson Bloomberg News
Edition: 5
Section: FEATURES
LONDON --
European stocks dropped the most in six weeks on Thursday, led by banks, after Credit Suisse said it was "too early to predict" an end to the market turmoil and analysts downgraded shares of Citigroup.
The broad decline in banking stocks came a day after a sharp gain by the financial sector.
"Conditions in the banking environment are pretty tough," said Andrew Cole at Baring Asset Management in London. "There is a sense that we are through the worst. That is probably overly ...
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