archive台北時報

European and London shares on Friday fell, erasing their early gains, while some logged their steepest weekly drop in five months as supportive measures from regulators across the US and Europe failed to allay fears over a brewing global banking crisis. The pan-European STOXX 600 closed down 5.33 points, or 1.21 percent, at 436.31, dragged by bank, insurance and financial services stocks. The bank index lost 2.6 percent, with HSBC Holdings PLC, BNP Paribas, Allianz SE and UBS Group AG losing 1 percent to and 3 percent. A US$30 billion lifeline by...