'Big Disconnect' between Bank Valuations and Growth Prospects, says Goldman's Hallam

The video discusses the disconnect in the European banking sector, highlighting the impact of long-term rate changes and the sector's underperformance. It explores the potential effects of rate cuts on banks' profitability and the challenges faced by Nordic banks due to real estate exposure. The video also examines the implications of the UBS-Credit Suisse merger, emphasizing the competitive dynamics in the wealth management industry.

What factors have contributed to the disconnect in the European banking sector?

How have long-term rates affected the performance of the banking sector over the past 15 years?

What are the potential impacts of rate cuts on European banks' profitability?

How do non-interest income fees contribute to the revenue structure of European banks?

What are the implications of lower rates on banks' credit exposure and cost structure?

What concerns exist regarding the Nordic banks in relation to commercial real estate?

In what ways might the UBS and Credit Suisse merger affect the competitive landscape of the banking sector?