The global banking space has been weathering a number of storms since the start of the global financial crisis in 2008, the latest being the uncertainty around the U.K. exit from the European Union. Add to that the poor economic outlook and negative interest rates and the pressure is heaped on a bank's profitability.
But while the European banks struggle to keep their share price stable, their counterparts at the Wall Street seem to be doing a much better job.
"European banks have had a particularly tough 2016, with the Stoxx 600 banking sector seeing declines of over 20 percent so far this year," Alex Dryden, Global Market Strategist at JPMorgan Asset Management told CNBC via email.
"This puts the European banking sector on track for its worst year since the depths of the euro zone debt crisis in 2011."