Finance
European Banks Extend Losses Amid Tariff Selloff
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleGlobal Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleEuropean banks face major losses due to Trump's tariffs, with shares hitting their lowest since February. Wall Street and Japanese banks also see declines.
(Reuters) -Shares in European lenders extended losses on Friday amid a deep selloff in equities sparked by U.S. President Donald Trump's sweeping tariffs.
A basket of the region's banks was down 3.3% to its lowest since early February at 0710 GMT after falling 5.5% on Thursday. Losses over the past two trading days hit 8.5%, the most for this period in three years.
Italy's BPER Banca, Germany's Deutsche Bank, Spain's Sabadell were leading losses, all down around 4.3%.
Banking stocks elsewhere tanked overnight, with shares in many large Wall Street institutions, such as Goldman Sachs, Morgan Stanley and JPMorgan falling between 7-9%, marking their largest daily declines since 2020.
An index of financial shares in Japan fell by as much as 11% at one point on Friday.
(Reporting by Anna Pruchnicka; Editing by Amanda Cooper)
The article discusses the losses faced by European banks due to a selloff triggered by U.S. tariffs.
Wall Street banks like Goldman Sachs and JPMorgan saw declines of 7-9%, the largest since 2020.
Italy's BPER Banca, Germany's Deutsche Bank, and Spain's Sabadell were leading the losses.
Explore more articles in the Finance category
