Bad loans in Italy account for more than a third of the €900bn total of non-performing loans on the books of eurozone banksWhen financial regulators say the European banking system is secure from another major crash they are talking about the funds banks can expend to offset their losses.
The 31 biggest banks hold an aggregate €1tn (£700bn) of shareholder funds,and account for about 75% of the European banking system by assets. Across all banks, it’s just to say the total equity reaches 1.35tn. Continue reading...
Source: theguardian.com