Europe is only halfway to healthier banks

ArticleBanking crisisMarch 21, 2018 - 6:41:18 AM

the European Commission and the European Central Bank announced new rules on how banks should treat dud loans.

LAST week, the European Commission and the European Central Bank announced new rules on how banks should treat dud loans. The good news is that the changes will help make European banks more resilient in the future. The bad news is that the eurozone banking system remains insufficiently equipped to deal with a new crisis.

European banks are still struggling with the aftermath of the financial crisis and the ensuing recession. Unlike their US rivals, many European lenders chose not to sufficiently write down their non-performing loans, since this would have required raising significant amounts of new capital...

Source:businesstimes.comban

On the same subject