NatWest's McCormick Says U.S. Banks Better Value Than European

The video discusses the current state of financials, focusing on monetary policy and the banking sector. It highlights that banks are not the source of the next crisis and that US banks appear undervalued compared to bond yields. The discussion also covers the impact of tax cuts on buybacks rather than economic growth, posing risks to the global economy. A comparison is made between US and European banks, noting that European banks are lagging in some areas, but are not far off in terms of bond yield frameworks.

What are the general points mentioned regarding banks in the current financial landscape?

What impact do tax cuts have on the economy according to the discussion?

What are the differences noted between banks in different European countries?

How do U.S. banks compare to European banks in terms of their financial status?

What does the speaker suggest about the future differentiation between U.S. and European banks?