US Zombie Banks
Peter Pham asks “Why Settle For An American Zombie Bank?” – naming – Bank of America, JP Morgan, Wells Fargo – he writes:
In a zero-interest-rate environment, the banks cannot make money via traditional lending as savers have no incentive to put their money in the bank.
“Irrepressible Zombies”, he writes:
To understand the U.S. banking sector at this point is to simply look east to Japan and back in time. Would you have bought Japanese banks after the boom turned to bust and the Bank of Japan turned them into zombies?