European bank shares hit 29-month low

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European bank shares hit 29-month low

LONDON : European bank shares fell sharply on Monday to hit their lowest level in 29 months, on worries that a US regu

Syed Murtaza Gheblehzadeh 05 Sep, 2011

By 0956 GMT, the STOXX Europe 600 banking index was down 4.8 percent to 131.65 points, its lowest level since April 2009.

Among the top losers in the banking sector were Royal Bank of Scotland, Societe Generale, Credit Suisse and Deutsche Bank, all of which were down between 7.5 percent and 8.2 percent.

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