Banks shed €30bn in ‘sour’ loans

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Under new rules unveiled last month, European banks will have only two years to write down in full unsecured loans turning sour. mediobanca and goldman sachs advised intrum, whose shares were.

NordLB is trying to shed almost all of its non-performing. can attract for the combined 6.5 billion in sour ship loans will determine the amount of capital it needs and the size of the stake in the.

Deutsche Bank raced in 2016 to shed a loan it had made to VTB Group that raised concerns inside the German lender about exposure to.

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Nama paid 30bn for these “toxic” assets. Unfortunately, however, the bank’s troubles went far deeper than their property loans. “The reality is. McDonagh in an interview with the Financial Times,

Under new rules unveiled last month, European banks will have only two years to write down in full unsecured loans turning sour. Mediobanca and Goldman Sachs advised Intrum, whose shares were.

 · As DC bargains, banks start earnings on a sour note.. What we should be seeing now is higher rates and an expansion of the loan book. We are not seeing either.. Stock mutual funds shed.

The eurozone’s top banks shed about 30 billion of unrepaid loans in the three months to September, in a new sign that European Central Bank pressure to clean up their balance sheets is.

Bank of Nova Scotia on Tuesday reported second-quarter results which were below market expectations and increased funds set aside to cover bad loans by 40 percent as lending to energy companies turned.

Sports Direct warns of 'terminal' House of Fraser problems and 674m tax bill (26 Jul. Metro Bank explores sale of loans hit by accounting error (13 May 2019); Metro.. (22 Jan 2019); How Patisserie Valerie's recipe turned sour (22 Jan 2019).. RBS chairman hints bank is closing branches to shed SME customers.

 · London – The european central bank (ecb) ramped up efforts to tackle the mountain of soured loans that weighs on many eurozone banks, while acknowledging that it may be years before victory can be declared. “The wait-and-see’ approach, too often observed in the past, has not solved the issue,” the ECB said on Monday.