RE: Crash on the cards...14 Aug 2019 09:42
Not quite...... FT this morning.
‘A big sell-off in European bank stocks has gone on long enough, according to fund manager Davide Serra, who says the sector now offers “massive value” to long-term investors.
Mr Serra, founder of London-based Algebris, which specialises in investing in financial institutions, says that while European Central Bank policymakers are “killing” the continent’s banks by squeezing their interest margins, many fund managers have become “overly bearish” on the sector. He said he has been buying European bank stocks for his funds and he is also positive on some of the banks’ bonds.’