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EU banks may need 276b euros of loss-absorbing funds

Bank-failure rules designed to help to stave off crises even more damaging to broader economy

London

EUROPEAN Union banks need to sell hundreds of billions of euros in loss-absorbing liabilities over the next few years to meet the bloc's rules designed to prevent public bailouts.

The European Banking Authority (EBA) estimates as much as 276 billion euros (S$397 billion) of

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