Thursday, July 7, 2016

Big Banks Loose Nearly Half a Trillion Dollars in Equity - (The Wall Street Journal)

Storm clouds are forming over Western economies: not only Brexit is causing upheaval, also the world's biggest banks are showing major warning signs, that something is really not well.

As The Wall Street Journal reports:

"....Since the start of 2016, 20 of the world’s bigger banks have lost a quarter of their combined market value. Added up, it equals about $465 billion, according to FactSet data...."

Just have a look at this picture, which speaks for itself:

No comments:

Post a Comment