Tuesday, December 27, 2011

Eurozone banks park record amount of funds at ECB

Eurozone banks deposited a record amount of overnight funds at the European Central Bank on Monday, official data showed Tuesday as banks remain extremely wary of lending to each other.

Banks put 411.8 billion euros ($535 billion) on deposit for 24 hours at the European Central Bank, beating the previous record of 384.3 billion euros seen in June 2010.


AFP