Bank Stocks Tumble on Obama News
Published / Last Updated on 21/01/2010
Bank Stocks Tumble on Obama News
by Ashley Clark, Director
European banking shares have fallen dramatically following President Barack Obama's announcementsto restrict the activities of the big banks in the US.
This had an impact across all finance sectors in Europe although we suggest the fall is only temporary.
"Never again will the American taxpayer be held hostage by banks that are too big to fail," Mr Obama said.
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