Banks in the European Union could close branches, merge or leave the market to r...
LONDON - Banks in the European Union could close branches, merge or leave the market to reverse a “bleak” outlook for profitability, the bloc’s banking watchdog said on Friday.
The European Banking Authority’s sixth annual dive under the bonnet of top banks found that the average capital ratios for lenders - a key measure of financial health - was 14.4% in June, little changed from the previous year. “There are hardly any clear catalysts for an improvement in bank profitability that appear on the horizon,” the EBA said in its report.
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