Have European Banks Written This Year Off?

The transcript discusses the ongoing risks in trading and capital markets, highlighting a decline in trading and investment banking revenue. It explores the impact of negative interest rates on European banks, particularly on the retail side, and how banks are strategizing to cope with these challenges. The discussion also touches on the short-term pain banks are willing to endure for long-term gains, with a focus on restructuring and planning for 2017. Finally, there is speculation about potential leadership changes at UniCredit.

What is the significance of the upcoming planning period for banks in relation to their financial strategies?

What are the expectations for UniCredit's performance in the near future?