European Banks Selling Off Profitable Ops

13 Dec 2011

European banks are stepping up plans to sell off some of their profitable operations as they rush to increase core capital to 9% next June, well ahead the 2019 deadline.

European banks are stepping up plans to sell off some of their profitable operations as they rush to increase core capital to 9% next June, well ahead the 2019 deadline. Investors say the sales will have a negative impact on long-term profit.

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