European banks slide, tracking US selloff amid AI disruption fears

Banco Bilbao Vizcaya Argentaria SA

24/02/2026 11:49

** Shares in European banks fall after overnight Wall Street selloff as concerns of disruption by artificial intelligence resurfaced

** The STOXX 600 banks index .SX7P falls 1.9% and is among the worst performers amid sectoral indices on the pan-European STOXX 600 .STOXX index

** "I think we are following the U.S. banks that were weak overnight around concerns about the impact of AI disruption on credit quality," Johann Scholtz from Morningstar says

**  UBS UBSG.S, Societe Generale SOGN.PA, Credit Agricole CAGR.PA and Deutsche Bank DBKGn.DE slip between 1.3% and 2%

** BNP Paribas BNPP.PA, Unicredit CRDI.MI and ING Groep INGA.AS are down between 1.7% and 2.3%

** BBVA BBVA.MC, Sabadell SABE.MC, Banco Santander SAN.MC and Danske Bank DANSKE.CO fall around 3%, while BPER Banca EMII.MI and Caixabank CABK.MC are down around 3.3%

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))