Today, the European Central Bank (ECB) assumes full responsibility as the Single Supervisor in the Banking Union. Following a one-year transition period to allow the ECB to prepare itself and to carry out an assessment , the ECB has taken on its responsibilities as the Single Supervisor today.
The price that NordLB can attract for the combined 6.5 billion in sour ship loans will determine the amount of capital it needs and the size of the stake in the bank a new investor will get.
Banco BPM, which was born last year from the merger of Banco Popolare with Banca Popolare di Milano, had agreed with the ECB to shed 8 billion euros in problematic debts by the end of 2019 to gain.
The banks plan to reduce it by 30bn this year and next. Dealing with bad loans to business-around 60% of NPEs, mostly to small firms-is the most daunting part of this monumental job.
The stock has shed 18% in a year. Foolish takeaway As we can see with falls ranging from 18% to 41% large-cap or blue-chip shares tend to be less volatile than smaller companies.
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Italian banks to shed 70-billion in bad loans this year, PwC says. Regulatory pressure has forced Italian banks to sell off loans that turned sour during a deep recession, in a clean-up seen as essential before mergers to strengthen the sector. "Volumes of bad loan sales will remain healthy in years ahead.
Sensex profits fell in two of those periods amid a tepid investment climate and rising bad loans. “The return expectations have to moderate,” said Mahesh Patil, who helps manage about $30bn in assets.
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Italian banks are set to shed 70 billion euros ($82 billion) in bad loans in 2018, with a strong market for disposing of such assets in prospect in the years ahead, PwC said on Wednesday. Regulatory pressure has forced Italian banks to sell off loans that turned sour during a deep recession, in a clean-up seen as essential before mergers to.