Seven years since the global financial crisis, banks don’t look like a source of trouble. They’re making money and have thickened their buffers against bad loans, while extensive new rules have excised much of the risk from their operations. The stock market, though, tells a darker story. It thinks banks are barely able to earn more than what investors charge them for funds. The reasons are complex but boil down to this: rock-bottom...

Source: Wall Street Journal October 12, 2016 17:14 UTC