Christian Edelmann On European Bank Earnings

Christian Edelmann spoke with Financial Times and Reuters discussing the outlook for European banks post Q1 earnings.

When speaking on the current climate of European banks, Christian highlighted that "what is fundamentally different is that we are out of negative rates. That has had a fundamental impact on the outlook (for banks) and it still does”. Christian revealed that “higher rates for longer and a weakening economy could worsen problems in commercial real estate (CRE), a sector in the midst of a downturn but which is yet to lead to much pain for the big European and U.S. banks”.

In the Financial Times article, Oliver Wyman analysis is mentioned, with the article revealing that “across the five biggest US banks, revenues in equities and fixed income were unspectacular year on year (up 6 per cent and down 3 per cent respectively) but investment banking was up almost 29 per cent, according to consultancy Oliver Wyman”.

Read the full articles in Financial Times and Reuters here (paywall).