Someone Does NOT Want To Be Long Over The Weekend

In the last few minutes of the European week, major financials have been crushed. It appears that someone (or perhaps a lot of 'someones') really do not want to be long into the weekend. Credit Agricole is -11% on the day, having fallen 12.3% in the last hour!!

Senior financial spreads also reversed all their gains and closed wider on the day.

Charts: Bloomberg