All articles tagged with #eurozone banks
The ECB's Nagel has stated that the bank's job is not yet done and that it must be bold and decisive. He also warned that inflation projections contain upside risks and that wages may rise more strongly than assumed. While the bank sector is resilient, contagion risks to eurozone banks are low. Nagel also cautioned that expansionary fiscal measures risk fueling inflation further.
European Central Bank supervisors see no contagion for euro zone banks from recent turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped record amounts from the Federal Reserve. The ECB supervisors saw no contagion to euro zone banks from the market turmoil, a source familiar with the content of the meeting told Reuters, adding that supervisors were told deposits remained stable across euro zone banks and exposure to Credit Suisse was immaterial.