EU 'Bad Bank' Won't Solve Problem Loan Issue, SRB Warns

By Richard Crump (March 23, 2017, 3:14 PM GMT) -- Plans to create a pan-European "bad bank" to help clear the €921 billion ($993.5 billion) of problem loans weighing down the region's banking system would fail to solve the underlying problem of firms with large portfolios of nonperforming loans, the head of the Single Resolution Board said on Wednesday....

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