Algebris's Serra: Three Rough Years for European Banks

The video discusses the impact of negative interest rates on the banking sector, highlighting challenges in profitability and the future outlook for banks. It explores how banks are adapting to these conditions, including strategies like cross-selling and adjusting interest rates. The discussion also covers the broader effects on the global economy and consumer behavior.

What strategy do banks use to maintain profitability in a low-interest-rate environment?

How does the speaker compare the banking sector's current situation to that of a company like Apple?