EU’s ZOMBIE banks: ECB is destroying Europe’s finance hubs, warns leading investment bank

EUROPEAN banks are slipping into a terrifying zombie state of decline thanks to the European Central Bank (ECB), a leading investment bank has warned.

Financial firms on the continent are falling victim to a scourge already seen in Japan where firms are considered to be the undead of the world, according to JP Morgan.

Ultra low interest rates inflicted by the ECB have lowered business lending. Continue reading