THE EUROPEAN BANK MUSHROOM IS DYING…

European Banks Vow $1 Trillion Shrinkage By Anne-Sylvaine Chassany and Liam Vaughan European banks, assuring investors they can weather the sovereign debt crisis by selling assets and reducing lending, may not be able to raise money fast enough to prevent government-forced recapitalizations. Banks in France, the U.K., Ireland, Germany and Spain have announced plans to […]