MUSCAT / WAM The latest data released by the Statistical Centre for the Cooperation Council ...
Read More »EU bank-failure rules leave Austria’s Volksbanken with liquidity to burn
Bloomberg The European Union’s bank-failure rules are forcing Austria’s Volksbanken to open up the lending tap, a strategy reminiscent of the one that nearly brought down the cooperative group a few years ago. The irony has arisen because the EU requires banks to have sufficient loss-absorbing liabilities on their books to cover the costs of their restructuring and refinancing in ...
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