Lamers, Martien; Present, Thomas; Vander Vennet, Rudi - 2022
Have Euro Area banks restored viability in the post-crisis era? We investigate profitability convergence for Euro Area … banks over the period 2009-2020 using the concepts of beta and sigma convergence and a club clustering algorithm. Our … towards a lower profit level, suggesting a ‘great convergence' towards the middle. Moreover, we identify a cluster of banks …