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Canary Wharf in London, where humbled Lehman Brothers staff packed up on Monday (Photo: Wikipedia)

US bank crisis smashes hole in European markets

The US banking crisis wiped billions off the value of European stock markets on Monday (15 September), with the European Central Bank and EU institutions trying to calm nerves as traders fear more bad news.

Among Europe's largest trading floors, the FTSE exchange in London and Euronext 100 in Paris lost around €81 billion each in value while the DAX trading floor in Frankfurt lost €27 billion.

Shares in Spain, Italy, the Netherlands, Austria, Greece, Poland, Romania, the Czech rep...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Canary Wharf in London, where humbled Lehman Brothers staff packed up on Monday (Photo: Wikipedia)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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