Italian banks’ bad loans are holding back its economy, but creating a “bad bank” and dumping them there is not a good idea, because deeper reforms are needed, a European rating agency has warned.
Tag Archives: credit ratings
European banks outlook: sluggish earnings, weak returns
Investors in European banks will have to put up with “sluggish earnings and weak returns” for the sector next year, analysts from European rating agency Scope Ratings have warned.
EBRD Launches New Rouble Eurobond
The European Bank for Reconstruction and Development (EBRD) launched its second rouble-denominated Eurobond this year to meet its clients’ demand for funding in local currency in Russia.