ECB's 3-month loans could indicate the health of banks

06/29/2010 | Bloomberg

European banks need to repay the European Central Bank €442 billion. The ECB will offer banks three-month loans, a move that could indicate the financial institutions' health. "The amount that will be rolled over will have powerful information content regarding the health of European banks," said Luca Cazzulani, senior fixed-income strategist at Italy's UniCredit.

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