“Shoot first, ask questions later” has been an apt description of the US and European bank space in recent weeks. With calm returning, should investors be buying UK and European banks? The perhaps surprising answer is yes. Let me explain.
Nerves have been frayed after the shuttering of three banks in the US by regulators. One of those banks, Silicon Valley Bank, made a massive losing bet on interest rates, and the other two had dived into crypto mania. All three were supervised under light-touch regulation.
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