EU Banks Crash To Crisis Lows As Funding Panic Accelerates

• EU Banks Crash To Crisis Lows As Funding Panic Accelerates
  by Tyler Durden, www.zerohedge.com 
  The signs are everywhere – if you choose to look – Europe’s banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default risk in Monte Paschi, the panic in Europe’s funding markets (basis swaps collapsing) is palpable. Tumbling to a fresh post-Brexit low, Europe’s Stoxx 600 Bank Index is testing EU crisis lows… (chart top of post)
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  With Credit Suisse smashing to record lows…
  and Deustche Bank crashing towards the inevitable Lehman moment… 
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  read more.

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