Central Europe’s banks can withstand car sector turmoil, S&P says
By Gergely Szakacs BUDAPEST (Reuters) – Turmoil in Europe’s car sector could hit the central European economy and hurt banks’ asset quality, S&P Global said on Tuesday, although it added that lenders were strong enough to withstand stress in their automotive portfolios. Automakers across Europe have announced plant closures and big layoffs as they struggle …
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