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Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

August 23, 2020, The Wall Street Journal

John Ahern is quoted in The Wall Street Journal regarding the restructuring of European banks following the COVID-19 pandemic. Mr. Ahern says geographical diversification used to be seen as a way to offset weakness when one market cooled. “In coronavirus, you have a global economy almost in shutdown. You're not leveraging an advantage and can be exposed to too many challenging markets,” he adds.

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