Banking stocks slide as global investors seek safer shores

Shares in Germany's largest bank have lost a fifth of their value so far this month and the cost of its five-year credit default swaps - a form of insurance for bondholders - jumped to a four-year high on Friday, based on data from S&P Market Intelligence.

JPMorgan analysts also said that the Deutsche Bank share drop was not a reflection of the fundamentals of the bank. "All these elements, which is what UBS shareholders bought into, are gone, likely for years," it said.Market cap of US regional banks included in the S&P 500 regional bank indexThe way Credit Suisse was rescued has also ignited broader worries about investors' exposure to the banking sector. The decision to prioritise shareholders over AT1 bondholders rattled this sector of the bond market.

A difficult case and it doesn't get any better....

I'm I the only one who reads this as Douche-bank?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Deutsche Bank drops, weighing on banking stocks and Scholastic tumbles on disappointing resultsU.S.-listed shares of European banks such as Deutsche Bank, UBS and Credit Suisse were under pressure, while rumours of Euro to be increased to 100 basis points in the next ECB meeting!!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »