9 Nov 2012

More signs of trouble in Europe's banks

1:29 pm on 9 November 2012

France and Belgium have agreed to pump a further €5.5 billion into struggling bank Dexia after it reported another large loss.

The bank, which was bailed out by France and Belgium last year, posted a third-quarter net loss of €1.23 billion, the BBC reports.

Meanwhile, French bank Societe Generale's third quarter net profits sank 86% to €85 million as it dealt with the cost of exiting from Greece.

In Germany, Commerzbank returned to profit but fell short of analysts' expectations.