Slump Fading in Europe Banks
World Economy

Slump Fading in Europe Banks

Since hitting a 3 1/2-year low just a month ago, European banks have rebounded 28%, with Greece’s Eurobank Ergasias SA, Italy’s UniCredit SpA and Deutsche Bank AG among the top performers, Bloomberg reported. The Euro Stoxx Banks Index closed at a two-month high on Friday, after the European Central Bank boosted stimulus measures and signaled an end to interest-rate cuts. The European Central Bank’s decision to offer eurozone financial institutions cheap four-year loans offers fresh hope to struggling banks in Southern Europe—and has drawn immediate ire from their Northern European rivals. The loans allow eurozone banks to borrow at no cost for up to four years.

Short URL : https://goo.gl/4MZah3
  1. https://goo.gl/CblJqg
  • https://goo.gl/bgLZnj
  • https://goo.gl/nfYPhn
  • https://goo.gl/XJU7uh
  • https://goo.gl/brRNfm

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...