UK & Euro bank shares collapse in new "black Monday"

[TacticalPeek]

UK & Euro bank shares collapse in new "black Monday"

Monday, September 05, 2011 3:16 PM

Stock markets have continued their sharp fall from the end of last week as trading opened today in what has been a particularly harsh sell-off of bank shares across Europe.

By 3pm the two part-taxpayer owned banks, The Royal Bank of Scotland (RBS) and Lloyds had fallen by 11 per cent and seven per cent respectively as investors continued their sell-off. Barclays was also down by around seven per cent. French banks also suffered badly in trading today.

http://www.myfinances.co.uk/investments/2011/09/05/uk-euro-bank-shares-collapse-in-new-black-monday


"Wheeeeeeeeeeeee" /atrios

[Warpy]

1. Sic transit glorious money

I just hope the rest of the investor class is looking at this mess and realizing just where it's coming from: we really were starting a slow recovery until the teabaggers took the House.

Republicans always cost all of us a lot of money. It's bloody time the corporations realize grabbing political power is going to be a very temporary thing if they go bankrupt. And this is where we're heading.