(WSJ) European Banks Resort to Potentially Risky Swaps to Generate Liquidity

European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank. The banks’ moves, which include behind-the-scenes swapping of assets among financial … Continue reading (WSJ) European Banks Resort to Potentially Risky Swaps to Generate Liquidity