4000 billion away from the big banks – Business World

      Photo: AP Photo / Michael Probst / TT AP Photo / Sang Tan, File / TT AP Photo / Matt Dunham / TT
     

4.000 billion in market value has been the world’s 20 largest banks lost since January, writes the Wall Street Journal.

Since the beginning of 2016, 20 of the world’s biggest banks have lost a quarter of their total market value. 4.000 billion is gone, writes The Wall Street Journal.

Heaviest it has gone for the European banks. Barclays and RBS have seen the market value halved, while the big loser Italian Unicredit has lost two thirds of its book value. Credit Suisse and Deutsche Bank have also been halved.

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Brexitoro can be one of the causes of the European collapse. But it should be said that banks worldwide also pressed at the beginning of the year, including the China-unrest.

There are the banks that handle the storm better. JPMorgan Chase and Industrial and Commercial Bank of China are both down about 10 percent. They may thus be seen as winners in an otherwise gloomy benches.