US banks are back: Returns on tangible common equity, a measure of profits relative to capital, leapt to 20% at Citigroup, 29% at JPMorgan and 33% at Goldman.
And as @gilliantett notes they are outstripping their European counterparts again.
economist.com/finance-and-ec… https://t.co/SCKsYQ1sXV
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,…