BoE's Kashyap says worried about spillover from EU banking woes
A Bank of England policymaker charged with overseeing the banking sector said he was worried about the risk of British banks being hurt by trouble among their peers elsewhere in the European Union.
"I am particularly worried about contagion from stress coming from the European banks and whether there might be linkages (perhaps indirect) between them and the largest UK banks," Anil Kashyap, a member of the BoE's Financial Policy Committee, said.
"The weak condition of some of the large European banks worries me most. As indicated above, we do not really fully understand all... read more
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