EU Bank Stocks Suffer Significant Losses

Financial markets worldwide experienced a sharp decline as the latest US tariffs sent shockwaves through the global economy. The European banking sector was among the hardest hit, with major banks seeing their stock prices tumble.

Market Reaction to US Tariffs

By 9:28 am CET, the Euro Stoxx Banks Index (SX7E) had fallen by 4.68% to €156.89, and the STOXX Europe 600 Banks Index dropped 5.29% to €214.67. This widespread sell-off reflects growing investor concerns over the potential for a prolonged economic slowdown due to escalating trade tensions.

Biggest Losers in the Banking Sector

Notable declines included Commerzbank, which plunged 11%, Societe Generale, down by 10%, and Barclays, which slid 9%. Deutsche Bank and Banco Santander each fell 8%, while ING Groep and BBVA lost 7%. HSBC was not spared, dropping 6% as the market reacted to the unfolding crisis.