carnage for major European banks.

Global Systemically Important Bank Stocks Crash To Record Low

Despite Lagarde's increase in liquidity - but no further rate cuts - European banks are a bloodbath, crashing to an all-time record low this morning…

So much for "whatever it takes."

Which, along with the collapse in US banks, this has dragged the share price of the world's most systemically important banks to a record low…

This is not a good sign.

https://www.zerohedge.com/markets/global-systemically-important-bank-stocks-crash-record-low