European bank stocks dropped a lot on 15 March 2023, in the aftermath of the failure of Silicon Valley Bank (SVB). Credit Suisse is down 25%, other European banks are down more than 10%.
Should you be worried? I explain why European banks don't have the same issues as SVB (more stable deposits, less bonds).
However, the liquidity position of European banks has gone down a lot since September 2022. That's because banks have repaid TLTRO loans to the ECB.
Further reading/watching:
https://www.positivemoney.eu/2022/12/banks-windfall-profits/