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EU banking watchdog warning on 26 banks
By EUobserver
The European Banking Authority (EBA) warned on Thursday that 26 banks in the EU hold large exposures of increasingly-risky leveraged loans which may default due to the coronavirus crisis. "As the pandemic and the ensuing economic lockdown impair leveraged borrowers' capacities to repay their debts, some banks may suffer losses related to the increase in credit risk and from their mark-to-market positions," EBA said.