Banks lead European stocks lower as Brexit worries dominate

jueves 16 de junio de 2016 07:16 GYT
 

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* FTSEurofirst 300 and STOXX 600 near 4-month lows

* UBS and Credit Suisse fall on SNB capital warning

* Deutsche Bank shares touch record low

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, June 16 (Reuters) - European shares fell on Thursday, with banking stocks dragging regional equity indexes towards their lowest point in almost four months in a market dominated by concerns over next week's EU membership vote in Britain.

The risk of Brexit and fresh signs that interest rates would stay low for longer added to uncertainly surrounding the banking sector, already hit by slow growth and expectations of capital increases from southern European lenders.

A warning from the Swiss National Bank (SNB) that UBS and Credit Suisse would likely each need to raise an extra 10 billion Swiss francs to meet new leverage requirements added to the gloom.

"Regulation once again about to tighten, coupled with low rates for longer across the board, are clearly unsupportive for the banking sector," said Stephane Ekolo, Chief European Strategist at Market Securities in London.   Continuación...