Some banks in the European Union may face losses on leveraged loans in the pandemic-hit economy, the EU’s banking watchdog, the European Banking Authority (EBA), said on Thursday. “Banks may end up unable to offload leveraged loans,” the EBA warned, as reported by Reuters. “Boards of banks should fully assess exposures to leveraged loans.” Market reaction The Euro Stoxx 50 Index extended its slide on this statement and was last seen losing 2.63% on the day at 3,213. Meanwhile, Germany’s DAX 30 was down 3.35% at 12,392. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pres. Trump: 2020 to be most inaccurate and fraudulent election in history FX Street 3 years Some banks in the European Union may face losses on leveraged loans in the pandemic-hit economy, the EU's banking watchdog, the European Banking Authority (EBA), said on Thursday. "Banks may end up unable to offload leveraged loans," the EBA warned, as reported by Reuters. "Boards of banks should fully assess exposures to leveraged loans." Market reaction The Euro Stoxx 50 Index extended its slide on this statement and was last seen losing 2.63% on the day at 3,213. Meanwhile, Germany's DAX 30 was down 3.35% at 12,392. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
