ECB's Nouy says NPLs have to be assessed case by case

Author: Mike Paterson | Category: Central Banks

ECB supervisory board chair Nouy with scheduled speech 24 Nov

  • European banks need to act sustainably
  • some banks need to do more to address NPL problem
  • ECB has started to give feedback to banks on NPL plans
  • banks currently suffer from lack of profitability
Ah maybe, but they're all nicely buffered up with cheap money. Can't have it both ways.

EURUSD still holding above 1.1860 with EURGBP demand still capping cable