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ECB worries that some European banks may be too exposed to Turkey: FT

“The European Central Bank is getting increasingly concerned about the exposure of exposure of some banks in the region — specifically from Spain, Italy and France — to the woes of Turkey, the Financial Times reported Friday, citing two sources close to the situation” writes Markets Reporter for marketwatch.com. Spain’s BBVA SA BBVA, -0.92% BBVA, -1.87% Italy’s Unicredit SpA UCG, -1.90% and France’s BNP Paribas SA BNP, -0.40% among the biggest lenders to the country, have come under closer scrutiny by the Single Supervisory Mechanism, the ECB’s arm charged with monitoring the region’s banks.
 
Source: marketwatch.com



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