Aug
08
French Stocks Languish 10 Years After BNP Freezes Subprime Funds
By-
U.S., German, U.K. shares all climbed in period since crisis
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August 9, 2007 marked day BNP Paribas halted fund redemptions
Ten years after the event that marked the start of the credit crunch, stock prices in most leading economies have more than recovered from the turmoil that followed. Those in the U.S. have powered ahead, while their peers in Germany, Japan and even the Brexit-mired U.K. have risen comfortably above the levels they stood at back before all hell broke loose.
One place where equities haven’t fared so well is in the country where the bank that helped spark the crisis is based: France. On Aug. 9, 2007, BNP Paribas SA froze funds that were exposed to U.S. subprime mortgages…
French Stocks Languish 10 Years After BNP Freezes Subprime Funds
