EU bank loan losses could be $425 billion

By Prieur du Plessis, on June 3rd, 2010 posted in: Economy, Europe, Investment

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The ECB’s estimate of a further $238 billion in loan losses for banks is a “pretty generous number”, according to Ralph Silva from SRN. He sees the amount coming in closer to $425 billion as some already problematic banks “have had to put money into organizations that simply are not viable”. Alan Capper from Lloyds Banking Group joined the discussion.

Source: CNBC, June 1, 2010.

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