Introduction – I have seen many worry about the British banks since Brexit. However I still am sticking to this idea of stop worrying about the UK worry about the Eurozone. Using the share prices I want to show how the European banks are really struggling (pre and post-Brexit) and how this is where the main concern should be.
Many seem to be worrying about the value of shares for British banks. However firstly from what I have seen, with the exception of a couple they have all bounced back and in the last few weeks seem to be recovering. That is more than what can be said for the European banks who have been a on a steady decline and have been for the past year. On top of the fact that less have recovered well over the past few weeks.
[Note – I am aware that there other ways to measure how well a bank is doing but as this is an easy one to show and plus because many of the British newspapers have commented on it. Similarly I know I have only focussed on about half of the countries in the Eurozone but it could take all day to do all so I based it on the biggest]
The Big British Banks
Some of these (for example Barclays and Lloyds) have been on slow decline but if you compare these to the biggest banks in the Eurozone it is not as steep and they have started to bounce back. Which can be more than what can be said for some European Banks. In fact from what I have seen the best European banks are about the same as the worst British banks.
(I have tried to do the top few banks in each country. If some are missing it is purely because I have yet to find their trading name)
(apparently not doing as badly as the rest of the Eurozone)
(Although everyone knows that they are in trouble)
Banca Monte dei Paschi
(This is the oldest bank in the world which has been in the news recently)
Bank of Ireland
Allied Irish Banks
National Bank of Greece
(who are actually doing the best in the Eurozone by far)
(Also not doing as bad)
Bank of Åland
[This is blog post was posted on the same date shown on here but on my personal blog – http://www.thenewcarly.worpress.com. It was reposted onto this blog on Saturday 13th May 2017]