Skip to content
Subscriber Only

European Banks Under Assault in Markets Reminiscent of 2008

Three years after the collapse of Lehman Brothers Holdings Inc., financial shares in Europe are under assault, the cost of insuring bank debt is at records, and bankers see worrying parallels to that time.

A Bloomberg index of European financial stocks fell as much as 2.9 percent to the lowest level since March 2009, while a measure of banks’ reluctance to lend to each other was at the highest since April of that same year.