ECB Loans Won't Spur Bank Lending, McCormick Says

Dec. 21 (Bloomberg) -- Matthew McCormick, vice president and portfolio manager at Bahl & Gaynor Inc., talks about the European Central Bank's loans to euro-area banks and outlook for the industry. The ECB awarded 489 billion euros ($645 billion) in 1,134-day loans today, the most ever in a single operation. McCormick speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)