Bloomberg News

Societe Generale, Natixis Lead Bank Stocks Higher After Summit

October 27, 2011

Oct. 27 (Bloomberg) -- European bank stocks rose, led by Societe Generale SA and Natixis, after policy makers persuaded bondholders to take 50 percent losses on Greek debt and boosted the firepower of the region’s rescue fund.

The Bloomberg Europe Banks and Financial Services Index rose 0.2 percent by 8:03 a.m. in London. Societe Generale rose 13 percent to 21.14 euros in Paris and Natixis was up 7.6 percent at 2.47 euros.

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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