There is no quick fix for bank profitability

By Tyler Davies
08 Oct 2020

Policymakers should be careful about rushing into action over signs that bank profitability is collapsing.

This week the European Central Bank released new statistics that made for alarming reading. 

The figures showed that euro area financial institutions made a return on equity of just 0.01% in the second quarter of 2020, compared with 6% a year earlier. 

Market participants were quick ...

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