Brexit might push some EU banks over the edge:
Mark Gilbert notes –
“European banks are
undergoing a real-life stress test in the wake of Britain's vote to leave the
European Union. Their share prices were already down 20 percent this year;
since the referendum result was announced, they've doubled that decline. If the
rot isn't stopped soon, Europe will have found a novel solution to the
too-big-to-fail problem -- by allowing its banks to shrink until they're too
small to be fit for purpose. The answer is found in the adage never let a good
crisis go to waste.”