News | Latest Breaking News Stories & Headlines

Italy's UniCredit became the first major euro zone bank to write down the value of its loans to reflect the economic impact of Covid-19

Europe's banks brace for bad debt build up from virus

Europe's banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over the next two weeks.

Business • 22 Apr 20

New guidance tells banks how the ECB expects them to deal with new cases of loans going bad

ECB issues guidance on how to deal with bad loans

The European Central Bank has published an extra set of guidance for banks on how they should deal with new cases of non-performing loans (NPLs).

Business • 15 Mar 18

The ECB is set to present additional measures to tackle the sector's huge stock of bad debt

ECB tells banks to set aside more cash on bad loans

The European Central Bank will ask euro zone banks from next year to set aside more cash to cover newly classified bad loans.

Business • 04 Oct 17

The Spanish governmentd, which owns 64% of the bank, vowed to sell off Bankia by the end of 2017

Bad debt drop lifts Spain's Bankia but bills loom

Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40% rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook.

Business • 01 Feb 16