EU banks seeing various factors change for the better

Since the Global Financial Crisis, investors have avoided European banks as the companies navigated the low to negative interest rate backdrop and greater regulatory hurdles. But with interest rates having risen and disciplined cost management, European banks have become profitable again thanks in part to a surplus of low cost deposits. Alastair joins us to discuss how European banks are now better capitalized, poised to lend again, expand their securities books and yet valuations are still compelling vs history. And while a recession isn't off the table, banks are well positioned for the sort of shallow recession that could come.

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