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It’s a bloodbath for EU and British banks

Posted by Buygold @ 8:54 on June 27, 2016  

Barclay’s getting crushed. US stock market not so much just yet..

“It’s a F##king Bloodbath” – European Banking Stocks Collapse As UK Default Risk Spikes

Traders are frantic this morning as George Osborne’s calming words have done nothing to halt the carnage. From Italian bankscrashing over 25% to British banks being halted, trading at record lows, to Deutsche Bank extending its Lehman-esque trend, as one veteran stock market trader in London said, “it’s a f##king bloodbath, not even Draghi can save this one.” The contagion is spreading however as UK defaul risk has spiked to 3 year highs and USD liquidty needs are surging with funding markets seeing serious distress.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.