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How Europe’s banks can catch Wall Street again
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fnlondon.comChristian Edelmann is managing partner for Europe at consultancy Oliver Wyman
Ever since the global financial crisis, European banks have been in a state of permafrost. The market value of all listed European banks today amounts to just 55% of those in the US — compared with 170% before the crisis.
At a time when Europe is adjusting to a new...
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