ECB's Financial Stability Review just dropped today. In the NEW Chartbook Newsletter #4, I compare it to Fed’s Financial Stability Report of earlier this month

NEW: Chartbook Newsletter #4 "Financial Stability Three Ways" Just dropped. A first look at the recent reports by Fed, ECB and IMF. To get the

Europeans banks have suffered a painful shock in 2020: rate of return on equity has fallen from 5 to 2% driven largely by margin compression.