European Bank Regulator Imperiled By German Zombie Banks

By Yalman Onaran - Jul 29, 2012

“Germany is the creator of zombie banks and has been protecting its zombies against the EBA or other EU institutions that have tried to dismantle them,” said Peter Tchir, founder of New York-based TF Market Advisors, which advises hedge funds. “Germany might not be acting so fast to give the reins to a new central authority.”