<div id="readability-page-1">Shares of the biggest banks in Europe have jumped to levels not seen since the 2008 financial crash, driven by a sharp rise in long-term interest rates that’s turning into serious earnings growth. HSBC, which trades in London, hit a record high just before releasing its second-quarter earnings this week. Barclays and Santander both climbed […]</div>

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<p>European bank shares have reached their highest levels since the 2008 financial crisis, fueled by a significant increase in long-term interest rates leading to substantial earnings growth. HSBC achieved a record high prior to its second-quarter earnings release, while Barclays and Santander also saw notable increases in their share prices.</p>

- Shares of the largest banks in Europe have reached heights not seen since the 2008 financial crisis.  
- This surge is attributed to a significant increase in long-term interest rates, leading to substantial earnings growth.  
- HSBC achieved a record high prior to announcing its second-quarter earnings, with Barclays and Santander also experiencing notable gains.  

European bank shares hit post-2008 highs on rising long-term rates