By MORAN ZHANG
France's largest banks are stepping up moves to unload their Greek subsidiaries and sever their unhappy ties to the crisis-hit country -- whose future in the euro zone is still shaky.
Societe Generale SA (EPA: GLE), France's second-largest bank, said Wednesday it is in talks to sell its 99.1 percent stake in its ailing Greek unit Geniki Bank to Piraeus Bank SA.
"Although these discussions are at an advanced stage, no decision has yet been made by either party," Societe Generale said in a statement.
The disclosure from the French bank came just a day after Credit Agricole SA (EPA: ACA), France's third-largest bank, said it expected to sign a deal to sell its troubled Greek arm, Emporiki Bank, to another Greek bank "in a matter of weeks." ...