Eurozone banks facing second wave of loan losses

The European Central Bank sent tremors through financial markets last night when it warned that banks in the eurozone nations faced having to write off another €195 billion in bad loans over the next 18 months.

Click here for full story

This entry was posted on Tuesday, June 1st, 2010 at 7:01 am and is filed under Editor’s Choice, News. You can follow any responses to this entry through the RSS 2.0 feed.