The European Central Bank (ECB) has said that it is in the process of carrying out a deep-dive analysis of four banks that it may need to supervise; the banks are: Banca Mediolanum, the Irish unit of Citigroup, Abanka and Rietumu Banka. In its latest report on the banking sector, published yesterday, the ECB said: “The Commission will continue to monitor closely developments related to these banks, including their exposure to sovereign debt issuers, as well as other systemic
The European Central Bank (ECB) has said that it is in the process of carrying out a deep-dive analysis of four banks that it may need to supervise; the banks are: Banca Mediolanum, the Irish unit of Citigroup, Abanka and Rietumu Banka. The ECB is concentrating on the quality of the assets on the banks' balance sheets as well as a stress test check.