IMF: Weak banks still undermining financial stability in Europe

Washington (dpa) – An upswing in the global economy under way in 2017-18 is lifting the valuations of European banks, but the sector’s stability is still undermined by weak, uncompetitive banks, the International Monetary Fund has said. In its latest report on global financial stability, the Washington-based crisis lender said that foreseeable economic growth will not…

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