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. @ecb warns of potential losses ahead.
ecb.europa.eu/pub/financial-… https://t.co/SDXSFKk7Xe
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from