Banking stocks across the U.S., Europe, and Asia

THE WORLD'S BIGGEST BANKS ARE CRASHING, AND IT IS A MAJOR WARNING FOR STOCK MARKETS.


Banking stocks across the U.S., Europe, and Asia have fallen 15% to 30% from their recent highs, while major stock indexes are still trading near record levels.

In the U.S., the KBW Nasdaq Bank Index has fallen roughly 13% from its August peak.

It is also coming off its longest weekly losing streak since the 2008 financial crisis.

Look at the damage among America's largest banks:

• Bank of America: -24.5%
• Capital One: -25%
• Goldman Sachs: -24%
• Morgan Stanley: -19%
• Wells Fargo: -18.5%
• Citigroup: -15%
• JPMorgan: -11%

And the situation in Europe is even worse.

• Société Générale: -27%
• BNP Paribas: -24%
• Barclays: -23%
• Deutsche Bank: -21%

In Asia, the selling has been just as aggressive.

• Bank Central Asia: -29.6%
• Shinhan Financial: -20.7%
• KB Financial: -20.6%
• HDFC Bank: -19.1%
• Commonwealth Bank: -18.7%