ECB Concerned Over EU Banks' Exposure to Turkey -FT
10 Agosto 2018 - 1:49AM
Noticias Dow Jones
--As the lira falls, the European Central Bank has become
concerned about the exposure of banks such as BBVA, BNP Paribas and
UniCredit to Turkey, the Financial Times reports, citing unnamed
sources.
--The ECB's Single Supervisory Mechanism, created to monitor the
activity of Europe's biggest lenders, doesn't yet see the situation
as critical, but is concerned about Turkish borrowers defaulting on
foreign-currency loans, according to the FT.
Full story: https://on.ft.com/2P1R7Vw
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(END) Dow Jones Newswires
August 10, 2018 02:34 ET (06:34 GMT)
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