Keith Mullin is founder of KM Capital Markets. He has spent over 25 years covering capital markets. Keith was editor-at-large of IFR until early 2017 and editor of IFR magazine 1996-2007.
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THE NARRATIVE EMERGING in Europe around banks’ second-quarter earnings is that the restructuring cycle is reaching an end-point and giving way to a more wholesome focus on business growth. Sounds good, but is that realistic?
THE EUROPEAN UNION is doing itself no favours. It’s not just that its rationales and applied methodologies for dealing with vulnerable and fragile banks seem inconsistent and rather opaque.
Keith Mullin assesses the aftermath of Spanish lender Banco Popular’s collapse