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The highest U.S. court ruled that CalPERS waited too long to sue banks that underwrote billions in debt securities offered by Lehman Brothers, whose collapse froze global credit markets.
Spanish bank stocks gained in the wake of the ECB's arranged rescue of Banco Popular by Banco Santander Wednesday as investors bet that a consolidation could improve sector profitability.
President Donald Trump's tax plan left markets reeling from disappointment Thursday while corporate earnings were mixed
Banco Popular stock fell sharply Thursday after first-quarter results from a key competitor brought investors' attention to net interest income levels in the Spanish market.
Goldman shares are vulnerable and modern banks are uninvestable, according to Berenberg, which advises dumping at least sixteen of Europe's lenders as well as the heaviest weight on the Dow.