JPMorgan’s Bold Shift: European Banks ‘Short,’ Healthcare Sector ‘Overweight’
In a recent note published on Monday, JPMorgan’s strategists made a significant recommendation to “short” European banks and shifted their stance on the sector from “neutral” to “underweight.” The move raised eyebrows in the financial world, as European banking shares have shown strength and resilience throughout 2023. JPMorgan’s strategists, led by Mislav Matejka, based their […]
Top earning bankers move to EU from Britain ahead of Brexit
Nearly a hundred highly paid bankers left Britain ahead of its departure from the European Union. The European Banking Authority (EBA) said in its annual survey of bankers earning a million euros ($1.17 million) or more a year that Britain saw a drop of 95 high earners in 2019. The country still accounted for 71% of the 4,963 bankers […]