The ongoing volatility in the global banking sector has seen UBS take on Credit Suisse – a move likened around Europe to a ‘shotgun wedding’, with the role of the gun-toting parent being assumed by the Swiss government. Under the terms of the deal, the cumulative financial risk the general public is shouldering to save […]
The collapse of Silicon Valley Bank (SVB) in the US has already had a ripple-effect across Europe, even as the long-term impact of the implosion remains murky. Late last week, the US bank – home to deposits for many of the country’s start-up tech firms – revealed it was looking to sell off assets in […]
Smaller companies have been the traditional target but that could be set to change
Information was exchanged in a chatroom called Sterling Lads
Sector’s post financial crisis bounce back has been largely overlooked
EU has been forgiving of banks that once contained cartels
Valuations reached all-time lows in 2020 on a price/book value basis
‘Our European clients want to see European banks with them’
While balance sheets mostly remain strong, profitability was already weak going into the current crisis
Unlike 2008, they are a key part of the solution to this crisis rather than the cause of the problem
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