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Report on EU banking sector stability

04-Jul-2008
Story Timeline:  100 days

Report on EU banking sector stability Description / Introduction: The European Central Bank (ECB) has recently published a report on EU banking sector stability, dealing, among other things, with the potential impact of the current financial turmoil. - Labour news from UNI global union - for trade unions in a global services economy. - Content (Everyone): The European Central Bank (ECB) has published a report on EU banking sector stability that was prepared by the Banking Supervision Committee of the European System of Central Banks (ESCB). The report deals with the potential impact of the current financial turmoil, and says that the turmoil “is likely to have repercussions on the earnings of many EU banks in the second half of 2007. This is because over recent years a significant share of banking sector profitability has... [read full story]                    

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