Barclays (BCS), German Bank (comics) and Santander Bank (SAN) collectively set aside nearly $6.6 billion in the second quarter for expected loan losses resulting from the coronavirus pandemic, according to earnings reports released Wednesday. This is on top of the large sums they set aside in the spring, bringing theRead More →
Hungarian Parliament, Budapest, June 2017 © Paolo Paradiso / Shutterstock As Germany takes the rotating EU presidency, Chancellor Angela Merkel Noted that the bloc faces a triple challenge: the coronavirus pandemic – receding but still requiring constant vigilance – the most brutal economic downturn on record by the EU andRead More →
European banks are heading for second quarter results after suffering near universal drops in key capital levels, threatening their ability to lend, while most have also seen their liquidity capacity to meet their financial obligations s’ weaken. S&P Global Market Intelligence research looked at the Tier 1 capital and liquidityRead More →