Nervousness again drags European banks to the stock exchanges

The price of the main banks of the Old Continent again recorded fdeath falls this friday, suggesting that recent interventions by financial authorities have not calmed investors’ nerves, after major central banks continued to raise interest rates despite the turbulence caused by the bank failures in the United States and the Credit Suisse bailout.

So, the Euro Stoxx 600 index for the banking sector recorded a drop of more than 3% before reaching mid-session, with Deutsche Bank leading the decline, down more than 8%.

He The largest bank in Germanywhose CDS cost has seen a sharp rise, announced this Friday its intention to prepay $1,500 million (€1,379 million) in Tier 2 fixed-rate subordinated debt maturing in 2028 on May 24, 2023 .up to 100% of your principal amount, together with interest earned up to (but excluding) the redemption date.

For its part, the Scandinavian Nordea fell more than 7%, and the Swiss UBS was listed with a fall of 5.5%, while the titles of the German Commerzbank and the French Société Générale lost almost 5%, respectively, and the Italian UniCredit. and France’s BNP Paribas each fell more than 3%.

Likewise, the shares of other large European banking entities such as ING, Intesa Sanpaolo or ABN Amro recorded a drop of more than 2%.

In the case of Spain, Banco Sabadell led the decline at 11:00 with a 6.85% dropfollowed by Unicaja Banco (-5.62%), BBVA (-5.35%), Banco Santander (-4.97%), CaixaBank (-4.81%) and Bankinter (-4.71%).