ECB sees improvement in European banking sector

Bundesbank director and head of the ECB's banking supervisory committee Edgar Meister has said "Generally speaking, we do not consider that EU banking sector stability is at risk. Indeed, we perceive several signs that conditions are improving."

Source: AFP

The European Central Bank said it has detected "several signs of improvement" in the financial situation of European banks, but that the institutions had still been weakened by the difficult economic environment.

"Generally speaking, we do