Euro zone banks set for worst day in two years, down 9.5%
LONDON, March 7 (Reuters) - Euro zone bank stocks fell sharply on Monday and were set for their worst day in two years as U.S. and Europe mulled a Russian oil import ban triggering more economic growth concerns while raising the prospect of even higher inflation.
LONDON, March 7 (Reuters) - Euro zone bank stocks fell sharply on Monday and were set for their worst day in two years as U.S. and Europe mulled a Russian oil import ban triggering more economic growth concerns while raising the prospect of even higher inflation.
The euro zone bank index (.SX7E) tumbled to a 13-month low and was on track for its worst day since March 2020, down 9.5% at 0855 GMT.
Shares in UniCredit (CRDI.MI) , Commerzbank (CBKG.DE) , Deutsche Bank (DBKGn.DE) , Raiffeisen (RBIV.VI) , Bank of Ireland
(BIRG.I) and Societe Generale (SOGN.PA) all fell more than 10%.
The index has shed 37% in less than one month, after climbing to its highest since 2018 in February.