QE. They probably have half of their regulatory capital being held against negative yielding deposits at their central banks of course it is going to look like this.
Look at this and then listen to the idiot left say something like: "the last 8 years has witnessed the greatest upward wealth transfer in the history of the blah... blah... blah...".
Europe's banks are getting killed by calmness https://t.co/ZfhceRQhNa via @LionelRALaurent pic.twitter.com/ENy9gi8FgC
— Bloomberg Markets (@markets) July 28, 2017
2 comments:
Just because the banks show no profits on their audits doesn't mean that the bankers haven't run off with the money.
Well dont worry Kaivey it should all reverse now that they are going to start to reverse the policy and the wealth should transfer back down...
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