Global Banking Stocks Slide as US Credit Worries Spread

[TheSmartInvestor]

European and Asian bank shares are falling too, following US loan loss fears. Investors are getting cautious again, especially after weak data from China. It’s crazy how fast fear moves across markets. Just one bad report in the US and suddenly everyone’s in red.

Do you think global banks are linked too tightly now?

Drop your thoughts below.

[Tunde]

I don't think it’s that deep. markets overreact. I’m very sure that things will calm down soon, it always does.

[Peaktrader]

To be honest, everything is connected now. One small shock in the US hits everywhere within hours. It's wild.