French fiscal and political uncertainty hits the financial sector! Credit risk indicators for the three major banks climb, and the cost of bond default insurance rises markedly.

Zhito Finance APP has learned that as market concerns over France's fiscal condition and political situation spread to credit markets, credit risk indicators for bonds of major French banks have risen significantly. Data shows that the credit default swap (CDS) spreads of Societe Generale, BNP Paribas, and Credit Agricole are all noticeably higher than those of major banks in the UK, Germany, Switzerland, and Spain, with the default insurance costs on some of Societe Generale's bonds having surpassed those on similar Deutsche Bank debt.