EU to Speed Up Bank Capitalization

Author: Adam Button | Category: News

The FT is reporting that Europe will speed up the recapitalization of 16 banks. This is driving the rally in EUR.

Update: the report cites a French official saying the 16 banks aren’t French, they’re ‘mid-tier’ and did poorly in recent stress tests. The banks will be encourage to seek capital from the private sector.

The story is here.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose