How Europe's Banks Got Hit by a Perfect Storm in Five Charts
- Swaps tied to senior debt on longest run of gains since 2013
- Banks in Stoxx Europe 600 Index lead declines this year
How Healthy Are Banks Today?
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A stock plunge by Europe’s banks deepened Monday, while credit markets showed investors are most worried in years about lenders’ bond risks.
“It’s a perfect storm,” said David Moss, who helps to oversee more than $237 billion of assets as head of European equities at BMO Global Asset Management in London. “People think ‘the share price must be telling me something’ and that induces ongoing panic. It’s been a pretty indiscriminate selloff.”