Iran war wipes €200bn off European bank shares
The Banker· 80 words · 1 min read
The Iran war has wiped €200bn off European banks' aggregate market capitalisation, threatening to erode an 18-year high for the sector, new research shows.
The share prices of Deutsche Bank, Barclays and Standard Chartered saw some of the biggest falls -- between 14 per cent and almost 19 per cent since late February when the conflict started -- while HSBC and BNP Paribas' share prices fell by about 9 per cent and 10 per cent, respectively, according to Bloomberg Intelligence.