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IMF: In Europe, one-third of the banking system remains weak and unable to generate sustainable profits
Wednesday, October 5, 2016 11:54
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The current report finds that short-term risks to global financial stability have abated since April 2016, but that medium-term risks continue to build. Financial institutions in advanced economies face a number of cyclical and structural challenges and need to adapt to low growth and low interest rates, as well as to an evolving market and regulatory environment.
Weak profitability could erode banks’ buffers over time and undermine their ability to support growth. A cyclical recovery will not resolve the problem of low profitability …. http://www.imf.org
Source: http://luismmx.blogspot.com/2016/10/imf-in-europe-one-third-of-banking.html
