Silva: EU Bank Loan Losses Could Be $425 Billion
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 on Tuesday. He sees the amount coming in closer to $425 billion as some already problematic banks "have had to put money in to organizations that simply are not viable." Alan Capper from Lloyds Banking Group joined the discussion.
Posted on June 1, 2010
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