Macklow-Smith: Italy Is Overbanked

The video discusses the financial sector's performance since Election Day, focusing on European banks' recapitalization, especially in Italy. It highlights the challenges and prospects for the banking sector in 2017, including the impact of ECB policies and yield curve changes. The video also explores the value in European equities, emphasizing the role of global trade and currency dynamics.

What factors are contributing to the recovery in credit across most countries?

How has the steepening of yield curves affected banking profitability?