Market Currents
Goldman upgrades Europe's banks from underweight to neutral, believing the new funding...
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Friday, December 9, 2011, 12:54 PM ETGoldman upgrades Europe's banks from underweight to neutral, believing the new funding arrangements by the ECB (and Fed) should help the lenders make it through the economic downturn. Of particular import is the ECB offering 3 year loans which should allow "banks to detach their funding cost from that of sovereigns."
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