List - The big bank bloodbath

Black Hole

Big banks are nearly half a trillion dollars in the hole.

Comparing market value as at 1st January, 2016 and Wednesday's close.

MarketWatch reports that since the start of 2016, 20 of the world’s bigger banks have lost a quarter of their combined market value. Added up, it equals about $465bn, according to FactSet data.

Here are the stats:

UniCredit -64%

Royal Bank of Scotland -56%

Credit Suisse -50%

Barclays -47%

Deutsche Bank -47%

UBS -38%

Societe Generale -37%

Mitsubishi -31%

Credit Agricole -29%

Banco Santander -26%

BNP Paribas -25%

HSBC -24%

Bank of America -24%

Citigroup -21%

Goldman Sachs -20%

Morgan Stanley -20%

Wells Fargo -14%

Standard Chartered -12%

Industrial & Commercial Bank of China -11%

JP Morgan Chase -9%

To access the complete MarketWatch article hit the link below:

The big bank bloodbath: losses near half a trillion dollars

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