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European banks have been resilient during the Covid crisis, but still face 2 major challenges
European banks have seemingly weathered the coronavirus crisis well, but there are still some major challenges ahead that have the potential to rattle the sector. There’s been a noticeable difference between the pandemic and the global financial crisis of 2008: European banks have a much stronger capital position now than they did before. This is in part thanks to much tougher requirements imposed by regulators in the wake of the 2008 shock — and it looks to be paying off. European banks are so confident about their capital positions that some are even ready to resume dividend payouts this year, despite ... (full story)