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) --

BNP Paribas

, the largest bank in France, denied Tuesday it was having difficulty securing dollar funding.

The stock was trading lower but recouped some losses after the bank said it was fully able to obtain U.S. dollar funding in the "normal course of business."

An op-ed piece in

The Wall Street Journal

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Tuesday quoted an unnamed executive as saying the bank was unable to borrow money from money market funds in the U.S.

There exists the perception that some European banks have had trouble securing loans, especially from U.S. markets, because of fears of contagion from the Greek bailout crisis.

-- Written by Joseph Woelfel

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Joseph Woelfel

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