ECB to announce bank finances review results Oct 26 October 10, 2014 - 23:03 AMT PanARMENIAN.Net - The European Central Bank says it will reveal the results of its much-awaited review of bank finances on Sunday, Oct 26, the Associated Press reported. The exercise is an attempt to purge so-called zombie banks that are too troubled to make new loans and support the struggling eurozone economy. The idea is that the review will force weak banks to either fix their finances or be restructured or sold — and help growth. The ECB will say which of 130 big banks need more capital as a buffer against losses, based on a review of their finances and on stress tests of how they would fare during economic turmoil. The ECB said Friday that banks that flunk will have two weeks to say how they intend to raise more capital. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
