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Aegon to Reset Coupon on Subordinated Bonds
European bank stocks have fallen again due to anticipated tariffs from the USA impacting economic growth.
Bank stocks have become the worst-performing Sector in Europe for the second consecutive day, as the market is concerned that the tariffs of USA President Donald Trump may hinder economic growth. At 10:18 Central European Time, the STOXX 600 Bank Index fell by 5.9%, and Bond yields decreased; the yield on 10-year German government bonds dropped by 10 basis points. The weekly decline in the bank index expanded to 11%, marking the largest drop since March 2023. Deutsche Bank, Banco Sabadell, and others performed the worst on Friday, declining by approximately 8%. Bank stocks are still up 10% year to date. Insurance stocks also underperformed the Large Cap on Friday, with that classification index dropping by 2.4%.
Shares of Companies Within the Broader Financials Sector Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Express News | Shares of Companies Within the Broader Financials Sector Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs
20-F/A: Registration statement / Annual report / Transition report (Amendment)
Aegon Set to Appoint David Herzog as Chairperson