BizSugar.com › Finance › The European banking sector is shaking. Now what?

There is little doubt that the European banking sector has undergone “cataclysmic” changes since the global financial crisis of 2007/08, which erupted in the US and quickly infected Europe.

A number of exogenous and endogenous parameters, including serious failures in risk management, inadequate capital and liquidity, among others, resulted in hundreds of billions of Euros of losses to shareholders, bondholders and on some very rare occasions, even depositors!