1. Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

    Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

    At beleaguered European banks, coronavirus is fast-tracking plans for fundamental restructuring after years of poor performance. Many of the region’s most prominent lenders are tearing up old business models, cutting business lines or doubling down on domestic markets as they try to find a formula that works for them...

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