Moody’s: European banks doing well overall
In the statement made by the international credit rating agency Moody’s, it is stated that European banks do not have to sell their bonds at a loss, similar to the bankrupt and headquartered Silicon Valley Bank in the USA, and that one third of the bonds in the hands of the banks will expire in the next 2 years, Thus, the need to sell assets will also decrease.
In the statement, “Based on their solid liquidity and financing profiles, cash holdings and stable deposit bases, we think the major European banks are generally in a good position to be able to sell their bonds at a loss.” it was said.
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