European Banks Eye EUR775 Bln In Cuts

19 Oct 2011

Banks in France, the U.K., Ireland, Germany and Spain have announced they are looking at a EUR775 billion ($1.06 trillion) in cuts over the next two years through a combination of asset sales and reduced lending to help prevent recapitalizations imposed by their respective governments.

Banks in France, the U.K., Ireland, Germany and Spain have announced they are looking at a EUR775 billion ($1.06 trillion) in cuts over the next two years through a combination of asset sales and reduced lending to help prevent recapitalizations imposed by their respective governments. Morgan Stanley predicts, ...

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