Eurozone banks need to shed €3.2tn in assets by 2018 to comply with Basel III

 
 
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Sunday August 11 2013
 
 
Breaking news
 
Eurozone banks need to shed €3.2tn in assets by 2018
 
Europe's biggest banks will have to cut €661bn of assets and generate €47bn of fresh capital over the next five years to comply with forthcoming regulations aimed at reducing the likelihood of another taxpayer funded bailout.
The burden is greatest on smaller banks, raising fears that lending to the region's small and medium size enterprises will be sharply reduced as a result.
 
 
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