DAVOS, Switzerland Jan 24 Banks that are found
to be unviable by a European Central Bank asset quality review
and stress tests this year should be shut down, ECB President
Mario Draghi said on Friday.
Draghi told the World Economic Forum in Davos that the
cleanup being undertaken by the ECB as it takes over banking
supervision in Europe would enabling sound banks to finance
themselves more cheaply and lend to the real economy.
"Shedding light on banks' balance sheets should help them
raise capital in the markets. And of course banks that should
go, should go," he said.