How Big-Bank Investors Lost Half a Trillion Dollars in Just Six Months
This is a fortune.com article.
Financial stocks are taking a beating.
The biggest losers of 2016 so far are the world’s largest banks.
Not only do big banks have to suffer the slings and arrows aimed at them by the political class, but increasingly investors are abandoning them in droves. That’s according to analysis by The Wall Street Journal, which found that 20 of the world’s largest banks have lost about one quarter of their value since the beginning of the year, a total decline of $465 billion in enterprise value.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”