A quick recap of the financial news of November 2021.
+
European bankers (CEOs) should be ashamed!
Banks have been horrible investments.
Large European banks are stitched together like Frankenstein's monsters. Their divisions have no synergies. They are active in way too many countries. These giants don't deliver the results clients and investors want.
However, a handful of banks do trade above their book value. Their secret? Listen and learn :)