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Some Of The 'Most Systemically Important Banks' In The World Are Tumbling

• https://www.zerohedge.com, Tyler Durden

But it's broader than that this "big" bank blow-up is global.

The stock prices of 16 of the most 'Systemically Important Financial Institutions' (SIFIs) in the world are now in bear market territory (down by 20% or more from their recent highs in dollar terms); and as the FT reports, this has caused Ian Hartnett, chief investment strategist at London-based Absolute Strategy Research, to issue  his first "Black Swan" alert since 2009.

Of the 39 SIFIs, these are the 16 in bear market territory: Deutsche Bank, Nordea, ICBC, UniCredit, Crédit Agricole, ING, Santander, Société Générale, BNP Paribas, UBS, Agricultural Bank of China, AXA, Mitsubishi UFJ Financial Group, Bank of China, Credit Suisse and Prudential Financial.

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