Europe’s Banks Lose Best-Performing Sector Crown on Growth Woes
(Bloomberg) — Banks are no longer the best-performing sector in Europe this year as US President Donald Trump’s trade tariffs raise recession concerns. The Stoxx 600 Banks Index fell as much as 10% on Friday, its biggest drop since March 2020, as Societe Generale SA, UniCredit SpA, Banco Santander SA and BNP Paribas SA sank….