CNBC: Banks Anticipating Tough Second Half 2016

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CNBC: Banks Anticipating Tough Second Half 2016

Postby » Sun Aug 28, 2016 6:47 pm

It is well documented that the financial markets experienced a rough ride during the first half of 2016, and the uncertainties following Brexit and weaker-than-expected corporate earnings results point towards a tough second half, according to a report in CNBC today.

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The impact was particularly felt by European banks as the shock and volatility surrounding the events sent banking stocks tumbling. Big European banks including Deutsche Bank and Credit Suisse saw their shares plummet – RBS being worst-hit, with its shares diving by more ... (read more)

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