ECB Calls EU Banking “Vulnerable”

30 Sep 2010

The European Central Bank said the European Union’s banking structure was still in the vulnerable, early stages of recovery.

The European Central Bank said the European Union’s banking structure was still in the vulnerable, early stages of recovery. The ECB report said that, while the rate of nonperforming loans causing bank writedowns was slowing, banks were still likely to be hit with more losses from household lending ...

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