The four largest European banks, over the past two years:
It’s amusing to think that Private Wealth Management is one of their businesses.
As one newsletter yesterday commented: “These Important Stocks are Trading Like a Financial Crisis Has (already) Begun.”
And don’t forget UBS, the 11th largest European bank and Credit Suisse, the 14the largest:
I don’t know what all this means. But it strikes me you should not have money with these banks.
If anyone has a different conclusion, please send me an email.
I’ll be back later today. Meantime, I’m off to play tennis.
Harry Newton, worried, as stocks are once again plummeting this morning.
