Market Overview

This Is How Bad It Has Gotten In Europe

This Is How Bad It Has Gotten In Europe
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The graph below was produced by Capital Market Labs.

When scanning all of the large diversified banks in the entire world for those with non-performing loans/total loans greater than 5 percent, we find 32 banks.

Of those 32, 28 are in Europe.

For comparison’s sake, the large four U.S. banks (Bank of America Corp (NYSE: BAC), Wells Fargo & Co (NYSE: WFC), Citigroup Inc (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM)) are all between 1.1 percent and 1.7 percent.image001-4.jpg

Ophir Gottlieb can be found on Twitter @ophirgottlieb.

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