European Movers: Financials Plunge amid Crisis
Financials Europe-wide plunge deep into the red as Lehman files for Chapter 11 bankruptcy protection, AIG (AIG) asks the Fed for US$40 billion in short-term financing and Bank of America [BAC] buys Merrill Lynch [MER] for US$50 billion in an all-share deal. Among the big names getting hammered: AEGON (AEG) [-12.67%], ALLIANZ (AZ) [-7.73%], AVIVA [-7.64%] AXA (AXA) [-12.13%], CS GROUP (CS) [-7.98%], COMMERZBANK [-11.09%], DEUTSCHE BANK (DB) [-8.27%], FORTIS [-11.76%], FRIENDS PROVIDENT [-9.84%], GENERALI [-3.97%], ING (ING) [-7.68%], OLD MUTUAL [-10.3%], PRUDENTIAL (PUK) [-9.3%] RSA INSURANCE [-5.07%], SANTANDER (STD) [-5.29%],UBS (UBS) [-14.63%], and UNICREDIT [-6.74%].
Copyright 2008 BusinessWeek
