banks

Italian banks also need urgent recapitalisation

Against a backdrop of collapsing property prices and soaring volume of non-performing loans, it is perfectly understandable that the focus of attention of European policy-makers and asset markets has been Spain. Indeed, at the G20 meeting, German Chancellor Angela Merkel urged Spain to clarify its aid request as soon as the results of the bank audits were known.
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20/06/2012 @ 08:22 GMT

Italian desperation

Truly frightening is the only way to describe it. Buffeted by a surge in withdrawals by retail depositors and a complete inability to raise funds from the wholesale market, Italian banks raised their usage of ECB loans to a staggering EUR 210 bn at the end of last month, up EUR 57 bn from the month before. By the end of 2011, Italy’s banks accounted for nearly a quarter of the liquidity provided by Europe’s central bank.
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10/01/2012 @ 11:16 GMT

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