European bank stocks are down heavily after Moody's warns Western European exposure to the debt...

|By:, SA News Editor

European bank stocks are down heavily after Moody's warns Western European exposure to the debt of its neighbors to the east is putting severe stress on its banks. "We’re nearing the level were things could get out of hand," one analyst says. CS -9%. DB -12.3%. UBS -6.3%. LYG -22.4%. BCS -6%. RBS -6.9%. HBC -7%.