Red and raw from a bank bruising

Bank shares around the globe are falling as investors bet panic over Europe's debt crisis will not only trigger runs on the continent's banks but also hit those in the US.

Bank shares were badly bruised overnight, as investors worried that major global financial institutions will suffer heavy losses as a result of southern Europe’s growing financial instability.

In the United States, investors have been aggressively buying bearish puts on big US banks, such as Goldman Sachs, JP Morgan Chase and Morgan Stanley, in the expectation that they will be singed by Europe’s spreading debt crisis.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles