“It’s a F##king Bloodbath” – European Banking Stocks Collapse As UK Default Risk Spikes

• Will investors hang on to the British Pound or the Euro in the face of European Banking stocks collapse and coming banking/financial crisis? I don’t think so. They will flee both currencies into safe haven currencies or gold/silver.
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• “It’s a F##king Bloodbath” – European Banking Stocks Collapse As UK Default Risk Spikes
  by Tyler Durden, www.zerohedge.com 
  Traders are frantic this morning as George Osborne’s calming words have done nothing to halt the carnage. From Italian bankscrashing over 25% to British banks being halted, trading at record lows, to Deutsche Bank extending its Lehman-esque trend, as one veteran stock market trader in London said, “it’s a f##king bloodbath, not even Draghi can save this one.” The contagion is spreading however as UK defaul risk has spiked to 3 year highs and USD liquidity needs are surging with funding markets seeing serious distress.
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  It’s everywhere…European Bank Stocks are down 23% in the last 2 days…
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