ABU DHABI/WAM Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, led a high-level …
Read More »EU bad bank to tackle soured-loan pile may be a long way off
Bloomberg A European Union bad bank would go a long way towards reducing the 1.2 trillion-euro ($1.3 trillion) mountain of soured loans on lenders’ books, but that relief may be a long time coming, according to the bloc’s bank regulator. Andrea Enria, chairman of the European Banking Authority (EBA) has proposed setting up a bloc-wide asset-management company to take …
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