Big banks prepare to pay back LTRO loans

Article reported that some of Europe’s biggest banks, Italy’s UniCredit, France’s BNP Paribas and Société Générale, and La Caixa in Spain were preparing to return a chunk of the cheap three-year funding they took in December 2011 or February 2012 from the European Central Bank as early as December 2012.

ESO: Background information: Buttress for Europe’s fragilities / Bundesbank at odds with ECB over loans http://www.europeansources.info/record/buttress-for-europes-fragilities-bundesbank-at-odds-with-ecb-over-loans/

ESO: Background information: Strong take-up of ECB loans expected / ECB unleashes a wall of money http://www.europeansources.info/record/strong-take-up-of-ecb-loans-expected-ecb-unleashes-a-wall-of-money/

---