August 30, 2016

Banks are preparing for an ‘economic nuclear winter’

The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.'s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms.

European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Read more + video.

CNBC

Related,
European Banks Prepare For "Economic Nuclear Winter" - Zero Hedge
- 5 biggest banks now own almost half the industry (video) - CNBC

‘Banken bereiden zich voor op economische nucleaire winter' - BNR

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