PwC: Turbulent Years for Banks

Businessn.a. ♦ Published: November 28, 2013; 15:19 ♦ (Vindobona)

According to a study by PricewaterhouseCoopers (PwC) the core capital of European banks need to be increased significantly.

PwC: Turbulent Years for Banks / Picture: ©

In the course of examinations capital demands of up to € 280bn could be determined by the European supervisory authoritites. This is the result of a report by management consultancy enterprice PwC. According to Miles Kennedy, manager at PwC, the European banks are facing some turbulent years. Both European and national supervisory authorities would put pressure on the banks to boots…