Weaker banks may lose government backing: Fitch


Struggling European countries may end their support for banks they view as having no systemic importance, warned a Fitch Ratings analyst at the agency’s 2010 credit outlook conference in London on January 19.

“We’re becoming increasingly concerned that weaker governments may differentiate to a greater extent between those institutions they wish to support, and those private commercial banks they don’t believe are systemically important,” said Julia Peach, Fitch’s head of Europe, the Middle East

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