CEBS: Seven Of 91 Banks Failed To Pass Stress Tests
July 23, 2010 at 13:47 PM EDT
Seven European banks failed tests to prove they could weather a mild recession or bout of severe market turbulence and as a result need to raise more capital, the Committee of European Banking Supervisors [CEBS], said on Friday. Five Spanish banks, one German bank and one Greek bank didn’t meet the [...]
