Banking stocks fell sharply in Europe on Friday with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems in the sector since the 2008 financial crisis have not yet been contained.
edged about 0.4% lower in premarket trade on Friday. Shares of regional lenders, the focus of the strongest investor concerns, were mixed.
These convertible bonds were designed to be invoked during rescues to prevent the costs of bailouts falling onto taxpayers. "I think it had very profound implications for the regulation of banks, and for the way that banks manage themselves," Winters said.
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