Banks will act more as a cushion than cause in the next cycle

Attilio Qualtieri | State Street Global Advisors | 19 February 2019 | 0.25 CE

Banks are a defensive fixed income investment. This may sound counterintuitive only a decade removed from the most prolific financial crisis of our lifetime, but as many of the issues from the GFC have been remediated, confidence from bank creditors which evaporated during the GFC has been restored. A vast improvement in bank fundamentals underpins this change and should prove...