Should a sustainable recovery take hold, we could revise many of the outlooks on bank ratings back to stable. However, we believe it will take some time for banks' performance to rebound to pre-COVID-19 levels. Positively, public authorities around the world to d...
However, many of these now look like the wrong acquisitions made at the wrong time and for the wrong price. Worse than that, and unlike the better US bank consolidators rolling up regional banks across the country in the 1990s, such as Banc One, HSBC simply d...