Fears over new financial crisis come back to haunt global markets as trading turmoil hits

The Telegraph reports:

Global stocks were gripped by a fresh bout of panic selling on Monday, raising fears over the health of the world's banking system for the first time since the financial crisis.

European markets slumped to their lowest level in more than two years amid an unremittingly bleak outlook for the global economy and concerns over the resilience of the world's biggest lenders.

Imagine that.