More work needs to be carried out on European banks if the region is to avoid years of stifled growth, the Organisation for Economic Co-operation and Development has warned in a new report out Monday (21 September).
Toxic assets held on bank balance sheets and insufficient capital levels are issues that must be dealt with to remove uncertainty, says the Paris-based body made up of members from 30 rich nations.
"Concerns persist that banks may be insufficiently capitalised to deal...
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