This is encouraging, at least, even if there is still a lot of work to be done to support the panda as a species. Now, eight years after the financial crisis, I would like to say the same about the banking sector. Public perception in the last few weeks was dominated by short-term, negative exaggerations.
We have recently experienced erratic price movements in bank shares, all combined with vague horror scenarios. But setting aside these exaggerations, what is the actual state of the banking sector? In my view, despite all the prophecies of doom, banks are not currently facing the question of survival.