Friday, 15 July 2011

8 Banks Fail Stress Test

Out of 91 banks the European Banking Authority found 8 banks lacking the means to avoid another financial crisis.

The Telegraph notes that 5 Spanish banks, 2 Greek Banks and 1 Austrian bank had failed.

This news, coupled with their other findings of 16 banks in the 'danger zone, is very worrying for the banking industry.


Regards,
Sam

Sources:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8641012/European-stress-tests-Eight-banks-fail.html

http://www.bbc.co.uk/news/business-14169940

3 comments:

  1. 5 spanish and 2 greek banks.I´m not very surprised since their economy is a bit fucked up

    ReplyDelete