Financial Crime Financial Crime

EU banks gradually learn what their EUR60 billion crisis fund is worth

By Jack Schickler
  • 22 Jan 2021 01:30
  • 14 Jul 2021 08:36

Eurozone banks making substantial payments to bailout fund worth 60 billion euros ($72 billion) are gradually learning what exact legal status their contributions have. 

A series of landmark legal cases is attempting to settle exactly what lenders get in exchange for paying into the Single Resolution Fund, a mechanism set up

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