Monday , July 23 2018

EU bank-failure rules leave Austria’s Volksbanken with liquidity to burn

Bloomberg The European Union’s bank-failure rules are forcing Austria’s Volksbanken to open up the lending tap, a strategy reminiscent of the one that nearly brought down the cooperative group a few years ago. The irony has arisen because the EU requires banks to have sufficient loss-absorbing liabilities on their books ...

Read More »