Some major changes in the region have pushed Nomura to review its assessment of the Greek banking industry. In a report from Monday, April 28, Nomura expressed bullish sentiment for this recovering economy in the peripheral European region.
The report said that their earlier estimates were lowered because of a lackluster growth scenario,
Our caution on certain Greek banks was based on a number of factors. Those included an uncertain February stress test that could have resulted in as much as a EUR 20bn capital shortfall, a sovereign whose yields have been highly distressed, and a...
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