Euromoney is pressing the chief executive of one of Europe’s biggest banks on its capacity to grow fee revenues this year to compensate for the fall in net interest income that will inevitably follow European Central Bank rate cuts.
Deftly, he turns the discussion to the travails of his peer at another large European lender.
Its shares are still trading at an alarmingly wide discount to tangible net asset value, even after a good run for European bank stocks on the back of rising rates and fat net interest margins.
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