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Banks struggle to ride to the rescue in Europe's cash crunch battle

FILE PHOTO: The financial district is photographed on early evening in Frankfurt
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MILAN/MADRID/FRANKFURT (Reuters) - Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region's economy alive amid the coronavirus pandemic.His small cooperative bank, Banca di Piacenza, in Italy's virus-ravaged north, has been flooded with applications from customers seeking loan extensions, debt relief and renewal of credit lines.Buried in paperwork and with Rome and..
Date Published: Mar 24, 2020
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