European Banking Notes: Deutsche Bank, Credit Suisse and RBS

European bank stocks had a poor showing last week, with gains seen over the first four days being wiped out by a sharp sell-off on Friday, September 18. Investors around the world were upbeat at the beginning of the week as they expected the Federal Reserve to announce its first interest rate hike since 2008, but the optimism melted away when the Fed stuck to the current record low rates citing a weak global economy. The profit-starved banking sector was hit hard by the ensuing sell-off, which s...