Friday, July 8, 2016

The world’s major banks have lost 4000 billion – Swedish Dagbladet

Photo: Lefteris Pitarakis / AP, Antonio Calann / AP, Kathy Willens / AP Matt Dunham / AP

the sum is comparable with Sweden’s GDP last year was 4159 billion, according to the news agency Direkt.

The European banks have been hit hardest. But everything should not be blamed on uncertainty after the British vote to leave the EU, says the Wall Street Journal. Banks have dropped in value since the beginning of the year after having been pressured by concerns about China’s economy, the US central bank and low oil prices.

Scroll down to see which banks have lost most and least.

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