ECB says six banks’ financial strength is below its 2020 needs
28 January 2020 - 17:17
Frankfurt— The European Central Bank (ECB) said on Tuesday that six out of 109 banks it evaluated last year had a level of financial strength below what it wants to see for 2020.
Four of the banks remedied the shortfall by the end of December, Andrea Enria, who leads the ECB’s supervisory arm, said in Frankfurt without identifying the banks. “The two remaining banks have been requested to take remedial actions within a well-defined timeline.” ..
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