ECB sees no risk of banking crisis in euro zone: Angeloni

ECB sees no risk of banking crisis in euro zone: Angeloni
 

The European Central Bank sees no risk of a banking crisis in the euro zone despite some "individual cases" of lenders in trouble, senior ECB supervisor Ignazio Angeloni said on Wednesday.
Banking shares have sold off this year amid investor worry about the impact of low interest rates on their profits, high piles of bad loans in some countries and a multi-billion-dollar fine facing Germany's Deutsche Bank (DBKGn.DE).
Angeloni, a senior member of the ECB's arm in charge of supervising the euro zone's 129 largest banks, said the system was solid.
"There are individual cases of... read more

 
5 October 2016 in Business, Views: 52
Source: Reuters
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