Catastrophically Awful

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.