European markets close weak on credit market jitters, trade tensions

NAMPA / DPA

2025-10-17

Brussels/Frankfurt/Paris (dpa-AFX) - European markets closed weak on Friday, with bank stocks posting losses amid concerns about the health of US credit markets. Concerns about US-China trade tensions, and the ongoing war in Ukraine also weighed on sentiment. Zions Bancorporation, a Utah-based lender, said it would write off $50 million on two loans, while Phoenix-headquartered Western Alliance said it had started legal proceedings over a bad loa......

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Economy

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1ST LEAD

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VW boss Oliver Blume to step down as chief executive of Porsche

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