ALLIED IRISH BANKS PLC (AIB) 5.16 -$0.14 (-2.64%) 05:11AM (15 mins delay)

Foreign Banks: January's Best and Worst

Feb 03, 2009 - 10:39 AM EST

David Hunkar submits:

January has come to a close this year. The S&P 500 is down 8.57%. The Financials in the index are down an incredible 26.55% in just one month.

Worldwide, bank stock stocks continue to get hammered as the credit crisis deepens. Banks are doing everything they can to shore up their capital. Investors have lost trust in the numbers reported by banks and this has led to banks being treated as 'rotten fish'.

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Source: Seeking Alpha (Feb 03, 2009 - 10:39 AM EST)