EU’s Biggest Banks Pass Moody’s “Stress Test”
June 11, 2010 at 13:55 PM EDT
Many of the European Union’s biggest banks passed Moody’s (MCO) debt stress test designed to gauge their ability to withstand a market slump, the rating agency said in a statement Friday. CNBC: “Based on our stress test, we believe that these banks would be able to absorb the losses that could arise from such [...]