A bad year for European banks just got a whole lot worse. The Euro Stoxx 600 Index of leading bank shares has lost nearly a fifth of its value in the past 30 days after a spectacular sell-off on Monday. Few have been spared. The share price of Barclays, BNP Paribas and Unicredit all slid around 5 per cent, those of Deutsche Bank fell 10 per cent, and the value of Greece's three largest banks all slumped nearly 30 per cent – from not very much to even less. After the markets closed on Monday, Deutsche Bank took the unusual step of saying it had enough money to pay the coupons on some of its debt that are due in April. The German lender was essentially trying to convince the market that it...
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