25
November
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StockBeat: ECB Throws Cold Water on Bank Stock Rally
in News
By Geoffrey Smith Investing.com -- The European Central Bank poured some cold water on the violent rally in Eurozone banking stocks, warning that loan losses from the pandemic could be larger than the banks expect and voicing skepticism about plans for an early resumption of dividend payments. The Stoxx 600 Banks index reacted by falling 1.5% by mid-morning in Frankfurt, a move that, while...
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