BRUSSELS — The EU shouldn’t ignore financial-market jitters over the health of the banking sector, the head of the European authority for managing bank failures said, as he warned a lack of trust could spiral despite the resilience of the sector.
Bank stocks have been pummeled in recent weeks, including a dramatic slide in the share price of Deutsche Bank on Friday following the collapse of Credit Suisse a week before. That’s led to fears Europe could be on the cusp of another full-scale bank meltdown similar to the 2008 version that ripped across the world and preceded debt turmoil in the eurozone.
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