In the financial world, there are a lot of developments that were never allowed to see the light of day. A new report issued by several experts confirms that the ECB was fooled by several German banks in 2014. Every so often, the ECB will conduct an asset quality review, or AQR. The ECB was Misled by German Banks During that type of audit, all member banks need to provide transparent balance sheets to determine how viable their current approach is. As one would come to expect, several financial institutions will try to game the system accordingly. A new report
The post German Banks Purposefully Misled the ECB in 2014, Report Shows appeared first on The Merkle News.
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