Feb
09
Goldman Says Europe Bank Funding Means No Crisis Repeat
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No evidence of strain in euro or dollar funding, analysts say
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Europe banks extend rout Tuesday; Deutsche Bank Down 4.3%
European banks have “ample liquidity,” with deposits flowing in and higher capital buffers reducing the risk of another financial crisis, according to Goldman Sachs Group Inc.
“So far, there is no evidence of strain” in euro or dollar funding for European banks, while rising deposits last year reinforced lenders’ liquidity, Goldman analysts including Jernej Omahen and Pawel Dziedzic said in a note on Tuesday. Use of European Central Bank cash is down from its 2012 peak, and banks have added 800 billion euros ($806 billion) in “external capital hikes” since the start of the financial crisis, they wrote…
Goldman Says Europe Bank Funding Means No Crisis Repeat
