European Banks Are Getting Creamed Left And Right Today

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Photo: LuluP | Flickr

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News that over $1.3 billion has been withdrawn from Bankia has sent that stock down about 20%.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

For more on what’s happening today, see here >

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