French banks tumble on snap election panic - Breaking The News

French banks tumble on snap election panic

10 June

1 min read

EPA-EFE/TERESA SUAREZ

Shares of France's largest banks tanked on Monday after President Emmanuel Macron decided to dissolve the parliament and schedule an early two-round parliamentary election for June 30 and July 7 after his Renaissance party suffered an unexpected blow in the European Parliament elections.

Societe Generale stock dropped 7.44% to go at €24.08 per share at 1:29 pm CET. BNP Paribas shares tumbled 4.51% to sell at €63.37 apiece. Credit Agricole saw a 3.55% plummet, trading at €14.12 per share.

bnp paribas credit agricole societe generale

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