Some European Banks Don’t Want ECB Money–WSJ
Worries about the stigma it could create if a large EU bank took money from the ECB, some have passed on the opportunity. These feel it would signal the market that their balance sheets are weak and investors and regulators…
Worries about the stigma it could create if a large EU bank took money from the ECB, some have passed on the opportunity. These feel it would signal the market that their balance sheets are weak and investors and regulators need to be concerned.
But some bankers and observers are starting to warn about unexpected fallout from the ECB’s loan program. A top concern among banks is that the receipt of central-bank lifelines could subject them to potential political or regulatory interference and sully their ability to declare themselves free of any outside help. That sentiment has the potential to damp demand for future ECB loans, at least among the Continent’s strongest banks.
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