"It's a F##king Bloodbath" - European Banking Stocks Collapse As UK Default Risk Spikes

http://www.zerohedge.com/news/2016-06-27/its-fking-bloodbath-european-banking-stocks-collapse-uk-default-risk-spikes

Traders are frantic this morning as George Osborne's calming words have done nothing to halt the carnage. From Italian banks crashing over 25% to British banks being halted, trading at record lows, to Deutsche Bank extending its Lehman-esque trend, as one veteran stock market trader in London said, "it's a f##king bloodbath, not even Draghi can save this one." The contagion is spreading however as UK default risk has spiked to 3 year highs and USD liquidity needs are surging with funding markets seeing serious distress.