Banks lead European shares to 2-month closing low


FRANKFURT, Nov 16 (Reuters) - Banking stocks led European shares to a two-month closing low on Friday as concern grew the sector could be faced with further problems stemming from the meltdown in the U.S. subprime mortgage market. The pan-European FTSEurofirst 300 index ended down 0.8 percent at 1,494.12 points, its lowest close since mid-September. The index was up 1.5 percent since the start of the year. Financials accounted for about half of the fall of the benchmark index, and the DJ ...

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