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European Banks Are Getting Creamed Left And Right Today

News Link • Economy - International

European Banks Are Getting Creamed Left And Right Today

05-17-2012 • http://www.businessinsider.com, Joe Weisenthal

The equity value of European banks continues to evaporate into thin air.

Fears of a Greek exit, and the ensuing periphery bank deposit flight are ON.

News that over $1.3 billion has been withdrawn from Bankia has sent that stock down about 20%.

Italian bank UniCredit is off 6%.

Banco Popolare is off 4%.

SocGen is down 3.5%.

Santander is off 3.1%.

STOXX Europe 600 Banks Price is off 2.4%.

Read Full Story

Reported by Freedomsphoenix Readerfour

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Tags: equity, european, continues, evaporate

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