The Worst Performing Big Bank Of The Year

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, December 29, 2011 The Worst Performing Big Bank Of The Year The S&P is back in positive territory for the year.  But some sectors did better than others. The financial sector in particular took a beating and rightfully so.  Banks face increased regulations, the loss of revenue driving fees, and compressed net interest margins thanks to a flattening yield curve, which was the aim of the Fed's Operation Twist. On top of this, many banks are exposed, directly or indirectly, to risky European sovereign debt.  And worst of all, they face a slowing global economy. The hardest-hit big bank is Lloyd's Banking Group, which has seen shares decline more than 61% on depressed investment banking revenue amid a weak United Kingdom macro-picture. Bank of America trails only slightly, down 59.5% year-to-date. Reuters recently reported that the bank may have to sell additional assets to buffer itself. Take a look at how some of the biggest financial institutions in the world stack up: Here's a quick rundown of the declines through trading this afternoon: Bank of America: -59.45% Citi: -43.63% Goldman Sachs: -45.89% JPMorgan: -21.28% Morgan Stanley: -44.22% Barclays: -33.31% Lloyds: -61.22% UBS: -28.42% Deutsche Bank: -27.01% BNP Paribas: -36.29% Société Générale: -58.49% Read » Also On Money Game Today: Natural Gas Plunges To A 27-Month Low Printing Money In Europe Is Just Fueling The Exodus These 10 Dates Are Crucial For The Future Of Europe And Just Like That, The Euro Is Shooting Back Up Advertisement CHART OF THE DAY: This Crazy Drop In The Euro Has Sent Everyone Reeling CHART OF THE DAY: Home Prices Are Still Falling CHART OF THE DAY: 2011's Great News For Government Spending Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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