European Banks Postpone Their Diet
European banks pledged last year to cut more than $1.2 trillion of assets—about 3 percent of their total—to help them weather the sovereign-debt crisis. Bank executives said they would sell divisions and loans and rein in lending to reduce short-term funding needs and increase capital. Instead, the banks have grown fatter.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.