Currency Wars: Riksbank Rattles Markets With Rate Cut Deeper Negative; Treasuries and Gold Soar, Société Générale Drops 13%, Deutsche Bank 7%
February 11, 2016 at 08:36 AM EST
Sweden’s Central Bank, the Riksbank, rattled markets with a rate cut of .15%, now at -0.50%. Bank shares plunged again. Société Générale is down 13%, Deutsche Bank 7%, and Santander 6%.