ECB may lower bar for bank mergers but not green finance

FRANKFURT - The European Central Bank may soften its demands for some banks in the euro zone to raise capital and offload bad loans before merging to help speed up consolidation in the profit-starved sector, one of the ECB’s top supervisors said on Thursday.

Yves Mersch, the vice chair of the ECB’s supervisory arm, said many of the hurdles in the way of mergers and acquisitions among euro zone banks were outside the ECB’s remit and related to differences in national laws and practices. He said the ECB would “appropriately reflect the synergies reaped by mergers” and avoid double-counting - while not losing sight of the risks associated with mergers between complex organizations.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks close lower on doubts about trade dealU.S. stocks closed lower Wednesday after reports that a trade deal with China might not be finalized this year. The Dow Jones Industrial Average was about...
Source: MarketWatch - 🏆 3. / 97 Read more »

PayPal's former finance chief says Bank of America closed his account with 'absolutely no explanation' | Currency News | Financial and Business News | Markets InsiderPayPal's former finance chief revealed Bank of America closed his account without giving a reason, sparking conspiracies that he may have been b...
Source: BusinessInsider - 🏆 729. / 51 Read more »

France's finance minister says he's glad that Donald Trump isn't a member of the ECB's boardFrench Finance Minister Bruno Le Maire voiced his appreciation that ultra-dovish views, like those expressed by President Donald Trump, weren't currently being represented on the board of the ECB.
Source: CNBC - 🏆 12. / 72 Read more »