Topics: financial crisis

European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.

European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.

According to statistics from the Federal Reserve (Fed), the US banking system has witnessed a significant decrease in deposits since the beginning of January.

According to statistics from the Federal Reserve (Fed), the US banking system has witnessed a significant decrease in deposits since the beginning of January.

In a recent report released by the European Institute for International Economic Policy (ECIPE), a stark warning is issued regarding the potential future economic disparity between the United States and Europe. If current trends continue, the report suggests that by 2035, the wealth gap between the US and Europe will be no different than that between Japan and Ecuador today. This revelation paints a troubling picture of a Europe that is facing economic challenges unseen in decades, leading to a gradual decline in living standards and purchasing power.

In a recent report released by the European Institute for International Economic Policy (ECIPE), a stark warning is issued regarding the potential future economic disparity between the United States and Europe. If current trends continue, the report suggests that by 2035, the wealth gap between the US and Europe will be no different than that between Japan and Ecuador today. This revelation paints a troubling picture of a Europe that is facing economic challenges unseen in decades, leading to a gradual decline in living standards and purchasing power.