Europe banking cloud drags shares to 32-year low

摘要

European bank shares last month fell to their lowest level for 32 years, below the troughs of the 2008-09 financial crisis, as the storm of Covid-19, low interest rates, weak profitability and no dividends deters investors. There was some relief last week, and the European bank index had bounced 4% by Thursday's close. But the index is still down 42% this year and faces a raft of headwinds.