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Bank stocks are flashing red light for EU economy

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Investors in lenders such as BNP Paribas, UniCredit and Deutsche Bank are bracing for a new wave of bad debts across Europe, writes LiamWardProud

The Euro STOXX Banks Index fell by 23% between Feb. 23, the day before Russia invaded Ukraine, and the morning of March 8.

The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on March 6.The headquarters of Germany's largest business bank, Deutsche Bank are seen behind a red traffic light in Frankfurt January 30, 2013.

 

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