After years of purgatory, banks are making a strong comeback on the stock market.
In six months, the sector index, the Stoxx 600 Bank, has jumped nearly 30%.
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The sector is emerging from a long period of lean cows.
The 2008 crisis, culminating in the bankruptcy of Lehman Brothers, was a shock of unprecedented brutality and a decisive turning point for banks on both sides of the Atlantic.
They were twice fined.
To avoid further thunderous bankruptcies, regulators have imposed drastic constraints on banking establishments.
For years, they had to strengthen their equity by devoting a large part of their profits to this effort.
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At the same time, banks were faced with plummeting interest rates, their main commodity.
After the depression of 2008, large-scale shocks followed one another at a frantic pace, with in particular the public debt crisis in Europe, then the Covid-19 pandemic…
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