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Economic fundamentals in the euro zone have improved considerably and the depressed valuations of their financial institutions are making them increasingly appealing.
Economic fundamentals in the euro zone have improved considerably and the depressed valuations of their financial institutions are making them increasingly appealing.
(Alex Domanski/REUTERS)

European banks look poised for long-awaited comeback

Seven years after the financial crisis’s first warning signs cropped up, European banks finally seem ready for a rebound.

While institutions in other hard hit regions, such as the United States, kick-started their recovery years ago, Europe’s banks have been dogged by weak economies and massive recapitalization programs.