34535218 European banks head towards another meltdown
Fears over the state of the eurozone economy weighed heavily on the region 's banking sector on Thursday as fears grew that the industry is headed for another meltdown. Shares in Lloyds Banking Group fell 10.09pc on Thursday Shares in some of Europe 's largest banks fell by 10pc as the cost of insuring European lenders ' senior bonds rose to record levels, according to credit default swap prices. The Markit iTraxx Financial Index of contracts on the senior debt of 25 banks and insurers
