RE: FED Meeting: rates on hold just now but will start rising in March27 Jan 2022 07:18
LONDON, Jan 27 (Reuters) - Replenished firepower and higher
interest rates will give Europe's banks an ideal opportunity
this year to reverse recent underperformance and claw back
market share from rivals in the United States, industry experts
say.
European lenders lost ground to Wall Street rivals during
the pandemic because volatile markets boosted the earning power
of U.S. banks' outsized trading arms. European rivals earn
proportionately more from lending and benefit from a higher
interest rate environment.
As the continent's biggest lenders prepare to report
full-year earnings for 2021, kicking off with Deutsche Bank