The European Central Bank (ECB) has raised capital demands for 20 banks due to bad loans, settling €324.5 billion in corporate bond purchases and increasing lending to banks by €254 million to €502.7 billion. The ECB warns Eurozone banks to prepare for more volatile funding sources and targets 'window dressing' by raising leverage bar. Additionally, the People's Bank of China (PBOC) notes an increase in the share of loans for tech companies and manufacturers.
🔴 PBOC: THE SHARE OF LOANS FOR TECH COMPANIES AND MANUFACTURERS HAS INCREASED.
ECB Targets Banks’ ‘Window Dressing’ by Raising Leverage Bar https://t.co/JnrhCYqdE1
🔴 ECB: LENDING TO BANKS ROSE €254 MLN TO €502.7 BLN.
🔴 ECB SETTLED €324.5 BLN CORPORATE BOND PURCHASES.
Eurozone banks must prepare for ‘more volatile’ funding sources, warns ECB https://t.co/Rn2nBDzbR7
ECB raises capital demands for 20 banks over bad loans - Reuters https://t.co/huyCyXp0YI