In Spain and Italy, Banks Drive a Long-Awaited Stocks Recovery
It’s been about 17 years since banks sent global equity benchmarks plunging to distressed levels during the financial crisis. In Spain and Italy, an unstoppable surge in shares of the...
By Macarena Munoz Montijano, Michael Msika, Alberto Brambilla · Bloomberg Markets
It’s been about 17 years since banks sent global equity benchmarks plunging to distressed levels during the financial crisis. In Spain and Italy, an unstoppable surge in shares of the country’s biggest lenders is finally wiping out those losses.