Wednesday, July 13th, 2016 Categories: Corporate Bonds, Credit Quality, Equities, Eurozone Crisis, Financials
Eurozone banks are in crisis NOW
The scores for the Financials sector in our Eurozone and Pan-European equity models are catastrophically awful – as bad as those for US Financials at the onset of the Lehmans crisis. The only possible conclusion is that the Eurozone financial crisis has already begun. The three large banks with the worst individual scores are Unicredit, Intesa and Deutsche Bank.