Financial Channel

worth buying ?

just dropped share price 40%, in order to help them out of the "little" mess that happened on jan 23rd.

Well if BNP or Credit Agricole decide to launch a bid it may well rise, but the fact that only French Banks will be allowed to bid for SocGen will lead to less speculation than would otherwise be possible.

if you search for northern rock, you'll find a topic which started off much the same, when it was at 115p. now at 97p. although there does seem to be a major difference in that NRKs problems were systemic and SGs seem to be non systemic. but i would wait for some upside before going near it.