Saturday, June 26, 2010

ECB’s Noyer said that “some banks have started facing increasing funding problems.”

German Logo of the ECB.

 

Eurozone leaders increasing express concern re outlook – ECB’s Noyer said that “some banks have started facing increasing funding problems.” Crédit Agricole said on Tuesday it would make a further writedown of €400m on Emporiki, its Greek unit. On Monday, Fitch Ratings cut its long-term rating of BNP Paribas. FT http://www.ft.com/cms/s/0/c0209356-7e2b-11df-94a8-00144feabdc0.html

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