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ECB’s De Guindos Warns Bank Profitability May Erode Amid Economic Slowdown

Euro area banks could see their profitability prospects weaken as the economic growth slows, making the operating environment more challenging, European Central Bank Vice President Luis de Guindos said Tuesday. “Recently, profitability concerns have again come to the fore as the operating environment for banks has become more challenging, with economic growth projected to slow down in 2019,” de G
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