ECB: No risk of bank crisis

The ECB sees no risk of a eurozone banking crisis despite some “individual cases” of lenders in trouble, senior supervisor Ignazio Angeloni said yesterday.

Banking shares have sold off this year amid investor worry about the impact of low interest rates on their profits, high piles of bad loans in some countries, and a multi-billion-dollar fine facing Germany’s Deutsche Bank.

Mr Angeloni, a senior member of the ECB’s arm in charge of supervising the eurozone’s 129 largest banks, said the system was solid.