Commodity Trade Mantra

Posts Tagged ‘Banking Stocks’

Where the Next Major Banking Crisis Will Begin

Italy’s banking system is a ticking time bomb. Its banks are sitting on $356 billion worth of non-performing loans (NPLs). As if that weren’t enough, these sour loans are valued at around 20% of Italy’s annual economic output. European regulators are now scrambling to prevent a banking crisis. A banking crisis in Italy could spread across Europe like the black plague.

The Greatest One Day Global Stock Market Loss In World History

Worldwide markets haemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis. This could be the tipping point that turns the existing global slowdown of 2016 into a global recession. Friday may turn out to be just the tip of the iceberg.

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