This Is How Bad It Has Gotten In Europe
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.
Ophir Gottlieb can be found on Twitter @ophirgottlieb.
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