James Ferguson: European Banks Look Very, Very Sickly

The video discusses the impact of the banking industry on the European economy, highlighting regulatory constraints affecting shareholders and other stakeholders. It references a Harvard paper released on the anniversary of Lehman Brothers' bankruptcy. The main issue for European banks is a lack of capital and hidden bad loans, contrasting with healthier U.S. banks. Loan growth in Europe is significantly lower than in the U.S., indicating a disparity in banking health.

What was the significance of the anniversary mentioned in the text?

What does the text suggest about the state of U.S. banks compared to European banks?