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ECB Chief: Parts of Europe Banking System 'Face Challenges'

European Central Bank head Mario Draghi says some eurozone banks "face challenges'' but that the system is more resilient due to oversight that was strengthened after the global financial crisis. Draghi said Monday that banks were in a position to bring down the amount of bad loans burdening their finances "in an orderly manner over the next few years.'' His comments in the European Parliament follow a week of violent swings in the stock prices of...

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