Mario Draghi seeks to calm fears over European banks
Tuesday, 16 February 2016 - 10:13
European Central Bank chief Mario Draghi has sought to calm fears about the health of European banks after a "sharp fall" in their share prices.
European banking stocks have lost almost a quarter of their value since the start of the year.
But Mr Draghi said banks were now better protected from a collapse than before the financial crisis.
Individual banks and the financial system as a whole are more resilient, he told European Parliament members.
His comments come as stocks including Deutsche Bank and Societe Generale fluctuated wildly last week.
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