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News that over $1.3 billion has been withdrawn from Bankia has sent that stock down about 20%.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