banking earthquake losses in Europe reach 60% – The Economist

The Italian bank BMPS is one that recorded the biggest drop so far this year. Germany’s Deutsche Bank is not far behind, with a shrinkage of about 40% in their titles. This situation creates fears and untied after the bankruptcy of Lehman Brothers.

So far this year, the banking sector in Europe has caused a shock in the stock market and dragged their bags to a minimum even in 2003, after the collapse in the titles of the largest banks in the sector.

Among the banks that have seen the biggest loss in the value of their titles is the Italian Banca Monte dei Siena SpA (BMPS), with a loss of 60.68% so far this year on the Milan Stock Exchange. Their roles are trading at a price of 0.4844 euros per share, its historic low.

Deutsche Bank, the largest German bank and the most powerful in Europe, registered a fall in 2016 of 39.25% to finish Thursday’s session at a price of 13.69 euros per share, close to the record low recently touched 13.23 euros

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in London, Barclays has also been affected by the volatility of the sector in the period fell 32.46% to end the day on Thursday at a price of 67,109 pence

<. p> in general the banking sector in Europe registered double-digit declines. And there is no exception, including the central Mexican banks such as Santander and BBVA Bancomer in Spain.

“It’s a bank earthquake,” regained French news agency AFP quoted German media. Despite the crash, some are optimistic: Eurogroup Chairman Jeroen Dijsselbloem, considered that the banks in the euro area hit hard by the global economic and financial crisis of 2007 and 2008, are now “better off doing few years “

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the shake markets since the beginning of the year aroused fears of a new crisis, and unleashed after the bankruptcy of Lehman Brothers in 2008.

markets fear “imminent systemic risk, such as that caused by the bankruptcy of Lehman Brothers,” said the agency AFP Sylvain Loganadin analyst British brokerage FXMC. “If this is not a crisis, it is in any case extremely violent movements,” said Rene Defossez, strategist at Natixis, also cited by the agency

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banks in Europe

the stock performance of the roles of 11 banks from Europe, the Economist found that the largest loss is Italy’s BMPS, with 60.68% in far this year.

position loss	Exchange	Bank	2016
1	Milan	BMPS	-60.68
2	Italy	Unidcrédito	-43.88
3	Swiss	Credit Suisse	-43.25
4	Germany	Deutsche Bank	– 39.25
5	France	Societe Generale	-35.48
6	London	Barclays	-32.46
7	Spain	Spanish popular Bank	-31.86
8	Swiss	UBS Switzerland	-29.30
9	Spain	Santander	-27.38
10	Spain	Bancomer	-22.23
11	London	HSBC	-21.64

Source: Reuters

francisco.ramirez@eleconomista.mx

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