Canada's banks are solid but nervous EU banks are nervous...
I'm not sure how many people understand the financial collapse of 2008? It had to do with Wall Street Banks exposure to self-made toxic "derivatives".
Well, it seems Germany's top bank is in possible trouble? I personally don't think there is an issue since Brexit is just a dumb "public" vote and the country is still in full operation. THe media wanted a story and got it.
My question is how much does Royal Bank and the other top five Canadian banks have in possible toxic "derivatives"? Has anyone charted which of the top five banks have the least amount of "derivatives"? Because, if I invest in banks, that's what I want right now.
I'm an average investor (contrarian yet cautious, buy and hold for the longer term). Not so much into banks just yet but it's not a sector I would ignore. It just seems "complex" right now and timing might be ok but not just ready to take off?
A friend of mine at work mentioned that European banks might be a good contrarian stock but when I read this, I'd be interested in discussing world banks with like minded investors. Bashers and time wasters will be put on ignore. I will not respond.
https://www.investing.com/analysis/germany-can%E2%80%99t-save-'most-dangerous-bank'-200140836