Most global bank stocks are in the negative territory so far this year. Especially European financials have been hit hard in recent months due to the resurgence of sovereign credit crisis. However some foreign bank stocks may be getting cheaper now and are worth a look at current levels. From a Bloomberg article titled Europe …
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Bank stocks were hit hard day before yesterday when global equity markets plunged. The dramatic selloff in Bank of America (BAC) and Citibank(C) stocks in the U.S. raised fresh fears of their failures. It is not just U.S. domestic banks that are still reeling from the effects of the credit crisis. Foreign banks are also …
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Private Equity(PE) funds in the U.S. are increasingly attracted to the distressed banking sector in the U.S. While some consider these funds to be agents of change and turnaround experts others consider them destroyers of companies. One German minster called them “locusts”. PE funds usually acquire controlling stakes in companies, engineer changes in management and …
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Some investors are staying clear of European bank stocks as fresh fears of debt crisis haven re-surfaced especially with Greece in recent weeks. Greece will be bailed out for the second time and is on track to implement austerity measures that will fix some of the country’s awful fiscal woes. In general, Greece has always …