Christian Edelmann, the managing partner for Europe at Oliver Wyman, speaks to CNBC’s Joumanna Bercetche.
Structural reasons why European banks underperform U.S.: Oliver Wyman
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Christian Edelmann, the managing partner for Europe at Oliver Wyman, speaks to CNBC’s Joumanna Bercetche.
And EU banks use lots of leverage. Assets/Equity ratios are sky high, that’s very risky both for the general economy and for shareholders.