Hidden in the Bank of England Financial Stability Report out today is a chart that shows the previous instances in recent history when bank shares have taken a battering (fallen by more than 10%).
1987 - Black Monday
1994 - US Interest rate hike
2001 - Terrorist attacks
2008 - Credit Crunch
So I would suggest that if you are going to buy bank shares you seriously think about selling them in 2014.
You have been warned!
ps Yes 1973 is represented with the oil crisis, but I don't know why nothing went wrong in 1980, perhaps someone has an explanation.
