Finans

Has the tide turned for Europe’s banks?

2022 should have been the year that finally provided some relief to the perpetually troubled European banking sector. Instead a war, an energy crisis, recession and runaway inflation conspired to undermine the long-anticipated benefits from the first meaningful interest rate rises in a decade.

As was true back in 2018 – seen as a post-crisis nadir for the sector – only two of the 20 largest British, French, German, Italian, Spanish, Scandinavian and Swiss banks trade above book value: wealth manager UBS and Finland’s Nordea.
As was true back in 2018 – seen as a post-crisis nadir for the sector – only two of the 20 largest British, French, German, Italian, Spanish, Scandinavian and Swiss banks trade above book value: wealth manager UBS and Finland’s Nordea.Foto: Rodrigo Freitas
  • Stephen Morris (FT)
Financial TimesBankNordeaFinans
Publisert 2. January 2023, kl. 10.25Oppdatert 2. January 2023, kl. 10.25