2.Credit Suisse –CS
YTD Change:14.40%
3. Westpack banking – WBK
YTD Change:14.11%
4.Banco de Chile – BCH
YTD Change:6.4%
5.Banco Bradesco – BBD
YTD Change:5.67%
6.Deutsche Bank – DB
YTD Change:1.65%
The worst five Bank ADRs YTD are:
HSBC (HBC), Bank of Ireland(IRE), Llyods Banking Group(LYG), Royal Bank of Scotland (RBS) and Allied Irish Banks (AIB). These banks are all down over 39%.All of these banks are from the UK and Ireland.Despite the massive bailout by the British government, British banks are still exposed to heavy losses due to the sub-prime and derivate issues. Also the British economy is in worst shape than other European countries.
