FRANKFURT: The economic fallout from the coronavirus has battered a sector that never recovered from the global financial crisis more than a decade ago. The focus for the rest of the year is on how banks can handle looming loan losses, whether any will be able to pay dividends, and possible further regulatory relief.
Europe’s Stoxx 600 Banks Index is down 34% this year, the worst-performing industry group in the period, with many investors remaining underweight on lenders even as economies start to reopen.
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