Banks Move Out as New Economy Joins Euro Stoxx 50 Benchmark
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Societe Generale SA and Banco Bilbao Vizcaya Argentaria SA are losing their places in one of Europe’s main stock benchmarks, another blow to the erstwhile heavyweight banking sector just two years after Deutsche Bank AG was ejected.
The two banks will be removed from the Euro Stoxx 50 Index of blue-chip stocks, according to a statement by index provider Stoxx Ltd. Meanwhile, Dutch payment company Adyen NV and internet investor Prosus NV are moving in.