These 3 have been falling for a while now..., dramatic..., I honestly don't know... As for Deutsche Bank and Barclays, they are close to or have just exceeded 2011-2012 lows but are still somewhat away from 2008-2009 credit crisis levels.
Credit Suisse however...
DISCLAIMER: Only observations here... I don't know jack about how severe or not this might or might not be, heck it might even be the perfect time to buy some of these bank stocks!! Allthough from a layman perspective this looks quite troublesome....
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Update: Credit Suisse tested the support after it broke and continued down...
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lmu
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UK banking shares is due to free fall during Mondays's session, look for the 2008 low as a BUYING opportunity.UK's credit rating have been downgraded, the Counsellor of Exchequer has disappeared since Friday morning.
There are more dramas to be confirmed during the weekend.
FTSE should at least retest the bottom of 2016 and a break below 5495 should take FTSE 4800, I won't go any further down than 4800
KVE
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Buy Deutsche bank if it ever gets to those 2008-2009 levels again, would be one hell of an opportunity! (so probably not very likely... ;-) )
There are more dramas to be confirmed during the weekend.
FTSE should at least retest the bottom of 2016 and a break below 5495 should take FTSE 4800, I won't go any further down than 4800