It's a "risk off" day for European financials (EUFN -3.4%), after Spain's expected bank bailout...

|By:, SA News Editor

It's a "risk off" day for European financials (EUFN -3.4%), after Spain's expected bank bailout approval is accompanied by a weak GDP forecast. Unsurprisingly, Spanish banks are the biggest losers: SAN -7.7%. BBVA -8.4%. U.S. banks are only doing better by comparison (XLF -1.3%).