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 … towards a lower profit level, suggesting a ‘great convergence' towards the middle. Moreover, we identify a cluster of banks … exhibiting dismal profit dynamics, indicating the need for a restructuring of part of the Euro Area banking sector …