5.9 C
New York
Friday, March 29, 2024

The Crash In US Bank Stocks Is Only Half-Way Through

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It appears by the total lack of coverage that the utter collapse of Europe’s banking system is entirely irrelevant to the “fortress-like” balance sheets of US banks… but it is not. Once again today, US financials saw bonds dumped across the senior and subordinated segments…

…and while US financial stocks have fallen hard year-to-date, if credit is right – and it usually is on a cyclical basis – US bank stocks have a long way to go (as believe in book values is battered).

Of course, the CEOs will all tell investors there is nothing to worry about – just as David Stockman warned

“in my experience is that when the crunch comes, bank CEOs lie”

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x