Bank losses and Fire sales confirmed and spreading.
Quick update – Banco Pupular, Spain’s third largest banking group, has just announced that it will sell “non-strategic assets”. In Italy All three of Italy’s big banks (UniCredit, Intesa and Banca dei Monte Pasci) have had their stocks stopped yet again this morning. While in France Soc Gen which already fell 15% on Wednesday is down …
Bank losses and Fire sales confirmed and spreading. Read More »