Shares in Societe Generale (SCGLY) have dropped 3% after the French bank warned investors that its fourth-quarter performance had been affected by the "challenging environment in global capital markets."
Investors are also keeping an eye on Deutsche Bank (DB), after a series of media reports speculated about its future.
According to the Financial Times, Germany's Finance Ministry has asked banking regulators to share analysis on a potential merger of Deutsche Bank and Commerzbank (CRZBY), another large German bank.
This adds to long-held speculation that the lenders may someday be pushed together as part of a wave of bank consolidation in Europe.
Meanwhile, Bloomberg reported that Deutsche Bank's regulators at the European Central Bank would prefer it to find a partner in another European country in order to better integrate the region's financial markets.
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