Posts Tagged
bad debt
Bloomberg Business: European Banks Seen Offloading $109 Billion of Bad Debt in 2015
©2015 Bloomberg News NLODWB6K50Y2 (Bloomberg) — European banks will offload 100 billion euros ($109 billion) of unwanted loans this year to cut costs and restructure their balance sheets, according to a report by PricewaterhouseCoopers LLP. Banks will jettison bad debts and loans that no longer fit with their business strategies, PwC