Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Equity Watch: Fire-Sale or Outright Fire in US Bank Stocks

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>European liquidity risks are smaller than US liquidity risks due to tighter legislation</li>
<li>Loan books in European banks are on the other hand much more risky than US peers</li>
<li>The negative bond yields in Europe led to even more extreme yield seeking from European banks</li>
</ul>


European liquidity risks are smaller than US liquidity risks due to tighter legislation
Loan books in European banks are on the other hand much more risky than US peers
The negative bond yields in Europe led to even more extreme yield seeking from European banks


Money Watch: European Bank Loan Books Look Worse than US Peers