Steve Hussey
24 Years at AB|31 Years of Experience
Steve Hussey is a Senior Vice President and Head of Developed-Market Global Banks Research, covering banks in the US, Canada, Europe, Japan and Australia. Prior to joining the firm in 2000, Hussey spent six years at credit rating agency Fitch IBCA, where he was a director, responsible for the Spanish and Latin American banking sectors. He holds a BSc in business economics and accounting, and an MSc in international banking and finance from the University of Southampton (UK). Location: London
Published Work
Investors are taking fright at commercial real estate risks in Sweden. But we think the situation is less threatening than feared.
Once markets sense the crisis is past, fundamental and valuation factors can create an improved backdrop for selective financial credit investors.
For European banks' stockholders, 2020 was a year to forget. But bank bondholders enjoyed positive returns and may overcome COVID-19 challenges again in 2021, backed by solid balance sheets and supportive regulatory conditions.
European banks' additional Tier 1 securities should survive a short bout of the coronavirus. But even in a prolonged pandemic, the risk/reward trade-off might be better than perceived.
The COVID-19 pandemic looked set to batter the world’s banks—and yet banks’ balance sheets are now the strongest they’ve been since the GFC.