UPDATE 1-ECB accepts junk bonds as collateral to help virus-hit banks
The European Central Bank
said on Wednesday it would let banks post collateral that was
downgraded to junk during the coronavirus outbreak to prevent a
credit squeeze in the euro zone.
said on Wednesday it would let banks post collateral that was
downgraded to junk during the coronavirus outbreak to prevent a
credit squeeze in the euro zone.
Posted by Reuters
