Bank ROE History Lesson

I found this graph in PwC’s latest Major Bank Analysis, which provides an analysis of – oddly enough – major banks.  What is odd is that the PwC paper deals with the 4 big Australian banks, but the graph covers UK banks – a shame someone couldn’t do the same analysis for our lot, but presumably it would look similar, shifted a few years to reflect the later introduction of financial deregulation, and also missing the catastrophic GFC related plunge at the end.