Global banks were hammered by the corona shock in 2020 with median ROE falling to 2%. Euro area banks are bottom of the pile and @ecb is worried. Compared to the Fed’s FSR, the ECB’s Financial Stability Review makes for graphic reading! See New Newsletter.
adamtooze.substack.com/p/chartbook-ne… https://t.co/coAPqZgMk2
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…