Europe’s banks may be coming close to another liquidity crisis
The latest research from US hedge funds suggests that banks have ‘become bloated relative to the underlying economies’
At a time when investors in Bank of Ireland are considering whether to exercise their rights to buy shares in the troubled bank by Tuesday’s deadline, it is worth bearing in mind that some global investors still reckon that European banks, including ours, will face another liquidity crisis this summer.
There is already evidence from Spain that the global banking crisis is far from over, as the Spanish government in recent weeks was...
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