About: http://data.cimple.eu/news-article/1ed3852a2a9beb61d76b4ff52985b6469d8868e28a5a09a057e2b51c

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/1ed3852a2a9beb61d76b4ff52985b6469d8868e28a5a09a057e2b51c Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Eurozone banks have readied themselves for the shock of a no-deal Brexit, but will still suffer an economic hit, the European Central Bank's supervisory board chairman said Friday. Banks have moved in the right direction in terms of cushioning the blow, Andrea Enria told Irish radio, and "are now ready to take the hit, to some extent." However, "the fact that we are prepared for a shock doesn't mean that the negative effects will not materialise," he said in an interview with RTE Morning Ireland. "Brexit will of course have macroeconomic effects on top of the impact of COVID-19. And financial markets have not yet fully priced in the possibility of Britain leaving the European Union without a trade deal," the Italian economist added. The warning comes as companies on the continent, particularly in Germany, are losing hopes of a deal, according to a report in Bloomberg News. Many banks based in Britain have applied for licences in continental Europe to continue to serve customers on both sides of the Channel. More than 60 financial institutions "are in the process of establishing or considerably strengthening their presence in Germany," the country's banking supervisor Bafin told AFP. US bank JP Morgan said earlier this week it would shift some 200 billion euros ($233 billion) of assets from Britain to Frankfurt, Bloomberg reported. The Brexit impact will be "on top" of the effects of the pandemic, to which banks will have to continue to adapt, Enria said. He said banks may have to consider extending payment breaks to customers, and to "eventually distinguish good customers from bad customers that are unlikely to pay." edf/mfp/rl
schema:headline	No-deal Brexit will hit even well-prepared banks: ECB's Enria
schema:mentions	U.S. Bancorp European Central Bank JPMorgan Chase Bloomberg News Italian language No-deal Brexit EDF Energy Eurozone Frankfurt Agence France-Presse USA Gymnastics Republic of Ireland Economist Radio Brexit Germany European Union Pandemic United States Severe acute respiratory syndrome coronavirus 2 Morning Ireland Andrea Enria Runtime system Supervisory board Daysend Macroeconomics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software