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Thursday, March 28, 2024

European Bank Stocks Plunge To Cycle Lows – What NIRP Has Wrought

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Coming to Japanese bank stocks soon…

European bank stocks are down almost 40% from the day Draghi unleashed NIRP in Europe. Today’s plunge takes out recent lows, pushing prices back to almost “whatever it takes” lows.

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