ECB taking action

FRANKFURT, Germany | ECB taking action to reduce bad loans at eurozone banks

FRANKFURT, Germany — The European Central Bank said Wednesday it is taking further steps to address the problem of bad loans burdening bank finances and clogging the flow of credit to the economy. The ECB said it would set expectations for each financial institution on putting aside adequate cash reserves to cover business loans that … Continue reading FRANKFURT, Germany | ECB taking action to reduce bad loans at eurozone banks