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Friday, 28 November 2014

ECB's Nouy says banks must show they can make profits

Chair of the Supervisory Board of the single supervisory mechanism Nouy attends news conference at ECB in Frankfurt By Huw Jones and Eva Taylor LONDON (Reuters) - Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top supervisor said. Daniele Nouy told Reuters on Friday that simply finding more capital to plug shortfalls uncovered by the stress test may not be enough. "Partly because of the financial situation in Europe and partly because of the structure of the banking systems in Europe ... ...








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