The panic in the banking system covers the European stock markets
The panic in the banking system covers the European stock markets: All the stock markets opened in the red, and the indexes fall rapidly after the weekend that definitively changed the face of the European banking system. Bank shares are falling sharply: Deutsche Bank recorded a fall of more than 7%, Unicredit fell by 6.47%, HSBC by almost 5%, and Erste by 3.69%.
European stock markets open in the red after the weekend that definitively changed the face of the European banking system. The FTSE 100 fell 0.78%, while the DAX lost 0.53% and Europe's SToxx 600 lost 0.56%.
Big European banks have recorded major losses on the stock exchanges since the opening of the trading session. Credit Suisse fell by more than 72% and UBS by 8.6%. Deutsche Bank fell by more than 7%, Unicredit fell by 6.47% and HSBC by almost 5%.
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