Here are Europe's 10 riskiest banks - and 4 of them 'need to rethink their strategy'

The German bank came in ninth after a poor performance in costs and returns, according to A&M, but gave a strong showing in asset quality.

The Swiss bank scored poorly in costs and solvency but highly in revenues.

Lloyds, the British bank, scored poorly in costs, revenues, liquidity and asset quality, and had an average showing in returns.

The Spanish bank is one of the smaller banks on the list. Caixa ranked low on solvency and asset quality, but high on costs and returns.

The French bank ranked mostly average for A&M's rankings, except for returns and solvency which were in the worst quartile in Europe's banks.

BPCE, which is headquartered in Paris, performed poorly in returns and liquidity, but high on revenue.

The French bank earlier this year announced massive job cuts. It ranked poorly on returns, liquidity, and solvency, but it ranked highly on costs.

The German bank was the second-worst performing bank, according to A&M. It did rank high on revenues, but poor in returns, liquidity, and solvency.

Deutsche Bank has had a torrid time recently. Major job cuts, money laundering scandals, and links to Jeffrey Epstein have weighed on the company's brand and share price. A&M have also labelled Deutsche as Europe's riskiest bank, with a poor showing on solvency and returns. It did perform high on liquidity, however.