March 27, 2017

ECB's Nouy says some banks may need to be shut

Some euro zone banks may need to be shut if they become unviable, the European Central Bank's top supervisor said on Thursday, as the Italian government seeks to bail out two regional lenders.

Daniele Nouy, the head of the ECB's supervisory arm, told the European Parliament there were too many banks in the euro zone and called for Frankfurt to be given greater discretion when deciding how much capital they must hold. Read more.

Reuters

Related,
Euro zone banks are still not profitable enough; Brexit is a ‘major risk’: ECB warns - CNBC
- Brexit vorm gevaar voor sommige Europese banken - Beurs.com

Een formatie van vier jaar levert 11 miljard euro op - Volkskrant
CPB: economische groei zet door, minder werkloosheid - AD

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