At €33T, the eurozone banking system's assets are worth three and a half times the currency...
At €33T, the eurozone banking system's assets are worth three and a half times the currency bloc's GDP, Royal Bank of Scotland notes, adding that the sector needs to shrink its collective balance sheet by €2.7T over the next three years in order for the situation to remain "sustainable." By comparison, the U.S. banking sector is about the same size as the broad economy. "If banks are three times the size of their underlying economy, then governments will not be able to support them all" in a crisis, RBS' Alberto Gallo reasons. (FT)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs