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Garnry: Why more ECB QE could be bad news for some European banks

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The European Central Bank is widely expected to ease its monetary policy further, when it meets on Thursday December 3. While the move is set to boost exporters and companies tied to consumption, it could spell trouble for some European banks, says Saxo Bank's Peter Garnry.

Garnry looks at the impact an already very negative rate environment is having on European banks. He sets out his trading strategy, including the five banking stocks he's looking to short as earnings come under pressure as a result of the ECB's monetary policy.