Bank Shares On The Slide

European bank shares continued to slide last week as investors remain concerned about the timing of an investment banking recovery and increasing provisions for bad debts at their commercial banking counterparts.

Shares in Credit Suisse and Deutsche have now fallen almost 20% since the beginning of this year.

With M & A activity now at a 10 year low and turnover on the London Stock Exchange down almost 27% year on year, investors do not believe that there will now be the Q3 recovery banks have hoped for to restore them to acceptable profit levels.