European Banks - Truenewj

Digital euro will cost EU banks between €4 billion and €6 billion over four years, ECB estimates

amefika4 months ago02 mins

By Valentina Za MILAN, Feb 19 (Reuters) – The introduction of the digital euro could cost European banks between 4 billion and 6 billion euros ($4.7 billion and $7.1 billion) spread over four years, a senior policy official at the European Central Bank said on Thursday. Piero Cipollone, a member of the ECB’s Governing Council,…

Bank Stocks Fall as U.S. Credit Concerns Shake Investors

amefika8 months ago02 mins

SINGAPORE/LONDON (Reuters) – Shares in European and Asian financial stocks fell on Friday after a drop in shares of U.S. regional banks driven by concerns about rising risks and credit quality. The banking sector’s exposure in two recent U.S. auto bankruptcies has revived concerns about credit standards more than two years after the collapse of…