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French bank loses €600m

Oct 17 2008 13:19

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Paris - The French bank Caisse d'Epargne lost around €600m in a derivatives trading "incident" during last week's market turmoil, the company said Friday in a statement.

"Because of the extreme volatility in the markets and the stock market crash of the week of October 6, the Caisse d'Epargne group underwent a major incident in the derivatives market," the statement said.

- AFP

 
 
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