Sunday, September 11, 2011

Europe Banks Valued at Post-Lehman Low

Bloomberg reports:

Investors are valuing European banks at levels not seen since the depths of the credit crunch that followed the collapse of Lehman Brothers Holdings Inc. (LEHMQ) as concern over a Greek default and debt contagion escalates.
As we said, it's 2008, only more so (and even more, since BAC has announced plans to lay off as much as 10% of it's 288,000 employees).


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