ermm tht mean,, eur are very2 week,, n now this turn for us go ing strong ,myber 3 week n going to nrmal at 1.3000 something.
ECB LTRO 2: €529.5 Billion As 800 Banks Ask For A Handout
The results for the second European 3 year discount window operation, pardon LTRO are in, and the winner is... •ECB ALLOTS EU 529.5BLN IN 1,092 DAY REFINANCING TENDER •ECB SAYS 800 BANKS ASKED FOR THREE-YEAR LOANS Since the expected range was €200 billion - €1 trillion, and just above the median €500 billion, this is clearly within expectations, however notably less than what the Goldman investor survey expected at €680 billion. What is certainly scary is that the number of banks demanding a hand out was a whopping 800, well above the 523 from the first LTRO: clearly many banks are capital deprived.
- Posted: Feb 29, 2012 5:41am
- Submitted by:Category: Low Impact Breaking NewsComments: 7 / Views: 3,163