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LONDON (MarketWatch) -- Goldman Sachs on Wednesday downgraded Societe Generale SA to neutral from buy, saying risks for French banks have risen due to their large balance sheets, high wholesale liquidity needs and reduced prospects for bulking up their capital levels.
LONDON (MarketWatch) — European stocks posted sharp losses Tuesday as a delayed aid payment to Greece and fears of more write-downs hit banks, with Dexia SA slumping on reports of an imminent split.