ECB says banks' profits down 20%

ReutersNewsPublished: August 25, 20161 views
Published: August 25, 2016

A gloomy outlook for euro area banks from the ECB - which says net profits across the sector fell by 20% in the first quarter. As Kirsty Basset reports, all main sources of income are down, the banks themselves pointing the finger back at the ECB over its policy of ultra-low interest rates.

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