Group 1 - European bank CEOs are urging calm amid fears of renewed trade tensions, emphasizing the importance of assessing the situation carefully [1][3] - The Stoxx 600 Banks Index fell by 1.4% and financial services dropped by 1.3% following the announcement of potential tariffs on European countries [3] - The current geopolitical climate is creating volatility for investors, with Goldman Sachs International's co-CEO noting that this is becoming the "new normal" [4] Group 2 - ING Group's CEO highlighted that while European markets managed to cope with last year's tariff turmoil, the use of trade policies as geopolitical tools poses a significant risk [6] - Concerns are raised about the indirect impacts of trade disputes, such as changes in trade patterns and potential investment slowdowns, rather than just the direct effects of tariffs [7]
'Stay calm' and 'this is the new normal': What banking CEOs are saying about the global market sell-off
CNBC·2026-01-20 12:29